Alerus Financial NA lifted its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 104.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,645 shares of the energy company’s stock after acquiring an additional 11,058 shares during the period. Alerus Financial NA’s holdings in Cheniere Energy were worth $3,001,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Riverview Trust Co bought a new position in Cheniere Energy in the 1st quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in Cheniere Energy during the 1st quarter worth $28,000. Godsey & Gibb Associates bought a new position in shares of Cheniere Energy in the first quarter worth $35,000. HM Payson & Co. increased its holdings in shares of Cheniere Energy by 56.0% during the first quarter. HM Payson & Co. now owns 312 shares of the energy company’s stock valued at $43,000 after purchasing an additional 112 shares during the period. Finally, Optimum Investment Advisors acquired a new position in shares of Cheniere Energy during the first quarter valued at $49,000. Institutional investors and hedge funds own 88.17% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on LNG. Royal Bank of Canada increased their target price on shares of Cheniere Energy from $179.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. Barclays increased their price objective on shares of Cheniere Energy from $160.00 to $186.00 and gave the company an “overweight” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $183.00 to $192.00 in a research note on Thursday, May 12th. Raymond James upped their target price on Cheniere Energy from $175.00 to $178.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 5th. Finally, Mizuho lifted their price target on Cheniere Energy from $159.00 to $167.00 in a research report on Friday, August 5th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $165.00.
Cheniere Energy Stock Up 2.3 %
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last issued its earnings results on Thursday, August 4th. The energy company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.07. Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%. The business had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the previous year, the firm posted ($1.30) EPS. The company’s quarterly revenue was up 165.4% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 10.91 earnings per share for the current fiscal year.
Cheniere Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Monday, August 8th. Cheniere Energy’s dividend payout ratio is presently -14.27%.
Insiders Place Their Bets
In other news, SVP Aaron D. Stephenson sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $168.21, for a total transaction of $504,630.00. Following the sale, the senior vice president now owns 56,016 shares in the company, valued at $9,422,451.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.66% of the company’s stock.
Cheniere Energy Profile
Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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