OLD National Bancorp IN Has $316,000 Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

OLD National Bancorp IN lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 32.0% during the 1st quarter, HoldingsChannel reports. The firm owned 1,366 shares of the energy company’s stock after selling 644 shares during the quarter. OLD National Bancorp IN’s holdings in Cheniere Energy were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WR Wealth Planners LLC grew its stake in shares of Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares during the last quarter. REAP Financial Group LLC grew its stake in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter worth $29,000. Banque Transatlantique SA acquired a new stake in shares of Cheniere Energy in the fourth quarter worth $32,000. Finally, Nemes Rush Group LLC grew its stake in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Transactions at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the sale, the director now directly owns 29,733 shares of the company’s stock, valued at $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Argus assumed coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price objective on the stock. TD Cowen raised their price objective on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Wolfe Research cut Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Finally, Mizuho raised their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $252.23.

Cheniere Energy Stock Up 0.6%

LNG opened at $230.20 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $154.82 and a 1-year high of $257.65. The stock’s fifty day simple moving average is $229.48 and its 200 day simple moving average is $224.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a market cap of $51.05 billion, a PE ratio of 16.18 and a beta of 0.43.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.63%.

Cheniere Energy Company 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 natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate 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.