NorthCrest Asset Manangement LLC lowered its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,414 shares of the energy company’s stock after selling 615 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Cheniere Energy were worth $5,266,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in LNG. Bornite Capital Management LP purchased a new position in shares of Cheniere Energy in the first quarter worth $13,865,000. MetLife Investment Management LLC purchased a new stake in Cheniere Energy during the first quarter valued at approximately $2,102,000. Yousif Capital Management LLC lifted its stake in shares of Cheniere Energy by 7.3% in the 1st quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock valued at $703,000 after purchasing an additional 345 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Cheniere Energy by 95.0% in the 1st quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock worth $589,000 after purchasing an additional 2,068 shares during the period. Finally, Cibc World Market Inc. increased its position in shares of Cheniere Energy by 22.8% during the 1st quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock valued at $594,000 after purchasing an additional 797 shares during the last quarter. 83.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Mizuho dropped their price objective on shares of Cheniere Energy from $200.00 to $187.00 in a research note on Thursday, June 22nd. TheStreet upgraded shares of Cheniere Energy from a “c+” rating to a “b” rating in a report on Wednesday, May 3rd. Raymond James decreased their price objective on shares of Cheniere Energy from $205.00 to $200.00 and set a “strong-buy” rating for the company in a research note on Friday, April 21st. Royal Bank of Canada cut their target price on Cheniere Energy from $205.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, April 3rd. Finally, StockNews.com initiated coverage on Cheniere Energy in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company. Ten research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $201.00.
Cheniere Energy Trading Up 1.1 %
Cheniere Energy (NYSEAMERICAN:LNG – Free Report) last posted its earnings results on Tuesday, May 2nd. The energy company reported $6.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.93. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.58 billion. Cheniere Energy had a net margin of 23.24% and a negative return on equity of 13,004.16%. Equities analysts predict that Cheniere Energy, Inc. will post 15.07 EPS for the current year.
Cheniere Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 17th. Investors of record on Wednesday, May 10th were given a dividend of $0.395 per share. The ex-dividend date was Tuesday, May 9th. This represents a $1.58 annualized dividend and a yield of 1.04%. Cheniere Energy’s dividend payout ratio is presently 5.06%.
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.
Featured Articles
- Five stocks we like better than Cheniere Energy
- Commercial Metals Winning Infrastructure and Datacenter Customers
- Biogen Shares Fall After FDA Approval Of Alzheimer’s Drug Leqembi
- Shell’s Production Outlook: Not as Bad as Expected?
- Tyson Foods Becomes a Value Play, Cyclical Bull Run Coming
- Enphase Energy is Still Converting Solar Energy into Profits
Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report).
Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.
