Great Valley Advisor Group Inc. Sells 7,722 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by Defense World Staff on Jul 30th, 2023

Great Valley Advisor Group Inc. lowered its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 85.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284 shares of the energy company’s stock after selling 7,722 shares during the period. Great Valley Advisor Group Inc.’s holdings in Cheniere Energy were worth $203,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bornite Capital Management LP acquired a new position in Cheniere Energy in the 1st quarter valued at approximately $13,865,000. MetLife Investment Management LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at about $2,102,000. Yousif Capital Management LLC grew 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 buying an additional 345 shares during the period. Raymond James Trust N.A. grew its stake 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 valued at $589,000 after buying an additional 2,068 shares during the period. Finally, Cibc World Market Inc. grew its stake in shares of Cheniere Energy by 22.8% in the 1st quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock valued at $594,000 after buying an additional 797 shares during the period. 83.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LNG. Royal Bank of Canada dropped their price target on shares of Cheniere Energy from $205.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, April 3rd. StockNews.com initiated coverage on Cheniere Energy in a research note on Thursday, May 18th. They set a “strong-buy” rating on the stock. Raymond James reduced their target price 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. TheStreet upgraded shares of Cheniere Energy from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Finally, Mizuho decreased their price objective on shares of Cheniere Energy from $200.00 to $187.00 in a research note on Thursday, June 22nd. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $201.00.

Cheniere Energy Stock Performance

Shares of NYSEAMERICAN LNG opened at $159.51 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.43 and a debt-to-equity ratio of 4.40. The firm’s 50-day moving average price is $150.89 and its 200-day moving average price is $152.68. Cheniere Energy, Inc. has a 52-week low of $135.00 and a 52-week high of $182.35. The company has a market cap of $38.75 billion, a PE ratio of 5.11, a PEG ratio of 0.35 and a beta of 1.01.

Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The energy company reported $6.89 EPS for the quarter, beating the consensus estimate of $5.96 by $0.93. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.58 billion. Cheniere Energy had a net margin of 23.24% and a negative return on equity of 13,004.16%. As a group, analysts anticipate that Cheniere Energy, Inc. will post 15.04 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, August 8th. Cheniere Energy’s payout ratio is currently 5.06%.

Cheniere Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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