New Age Alpha Advisors LLC Has $84,000 Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

New Age Alpha Advisors LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 64.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 364 shares of the energy company’s stock after purchasing an additional 142 shares during the period. New Age Alpha Advisors LLC’s holdings in Cheniere Energy were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Thoroughbred Financial Services LLC increased its position in Cheniere Energy by 26.5% during the first quarter. Thoroughbred Financial Services LLC now owns 7,968 shares of the energy company’s stock worth $1,843,000 after acquiring an additional 1,669 shares during the period. Ruffer LLP bought a new position in Cheniere Energy during the first quarter worth $9,672,000. Sfmg LLC increased its position in Cheniere Energy by 5.3% during the first quarter. Sfmg LLC now owns 2,704 shares of the energy company’s stock worth $626,000 after acquiring an additional 137 shares during the period. Raiffeisen Bank International AG increased its position in Cheniere Energy by 67.6% during the first quarter. Raiffeisen Bank International AG now owns 21,863 shares of the energy company’s stock worth $4,948,000 after acquiring an additional 8,817 shares during the period. Finally, Blair William & Co. IL increased its position in Cheniere Energy by 2.7% during the first quarter. Blair William & Co. IL now owns 50,746 shares of the energy company’s stock worth $11,743,000 after acquiring an additional 1,320 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. TD Cowen boosted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.71.

Cheniere Energy Stock Down 0.3%

LNG opened at $230.16 on Tuesday. The firm’s 50-day simple moving average is $235.57 and its 200-day simple moving average is $228.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65. The firm has a market cap of $50.58 billion, a price-to-earnings ratio of 13.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the firm earned $3.84 EPS. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is presently 11.68%.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the company’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 sale, the director owned 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% 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 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.