Park Avenue Securities LLC Acquires 1,403 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Park Avenue Securities LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 26.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,609 shares of the energy company’s stock after acquiring an additional 1,403 shares during the quarter. Park Avenue Securities LLC’s holdings in Cheniere Energy were worth $1,529,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LNG. Brighton Jones LLC bought a new stake in Cheniere Energy in the fourth quarter valued at $335,000. Yousif Capital Management LLC grew its stake in shares of Cheniere Energy by 8.1% in the 4th quarter. Yousif Capital Management LLC now owns 3,962 shares of the energy company’s stock valued at $851,000 after buying an additional 297 shares during the period. Stephens Inc. AR grew its stake in shares of Cheniere Energy by 10.8% in the 4th quarter. Stephens Inc. AR now owns 1,745 shares of the energy company’s stock valued at $375,000 after buying an additional 170 shares during the period. Savant Capital LLC increased its position in Cheniere Energy by 1.0% in the 4th quarter. Savant Capital LLC now owns 10,717 shares of the energy company’s stock valued at $2,303,000 after buying an additional 111 shares in the last quarter. Finally, Sapient Capital LLC increased its position in Cheniere Energy by 9.6% in the 4th quarter. Sapient Capital LLC now owns 8,236 shares of the energy company’s stock valued at $1,770,000 after buying an additional 722 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 2.0%

Shares of LNG stock opened at $234.82 on Thursday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 16.50 and a beta of 0.43. Cheniere Energy, Inc. has a 52-week low of $154.82 and a 52-week high of $257.65. The company has a 50-day simple moving average of $230.24 and a two-hundred day simple moving average of $225.01.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.13 earnings per share. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.63%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LNG. Mizuho increased their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. Raymond James reissued a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Scotiabank decreased their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Finally, Argus started coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.23.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director now directly owns 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.