ORG Partners LLC Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

ORG Partners LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1,976.0% in the first quarter, Holdings Channel reports. The fund owned 519 shares of the energy company’s stock after purchasing an additional 494 shares during the quarter. ORG Partners LLC’s holdings in Cheniere Energy were worth $119,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Martin Investment Management LLC increased its position in Cheniere Energy by 615.4% during the fourth quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company’s stock valued at $6,064,000 after acquiring an additional 24,278 shares during the last quarter. Bessemer Group Inc. increased its position in Cheniere Energy by 3.8% during the fourth quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company’s stock valued at $8,032,000 after acquiring an additional 1,359 shares during the last quarter. LPL Financial LLC increased its position in Cheniere Energy by 27.0% during the fourth quarter. LPL Financial LLC now owns 293,201 shares of the energy company’s stock valued at $63,000,000 after acquiring an additional 62,338 shares during the last quarter. Gateway Investment Advisers LLC increased its position in Cheniere Energy by 6.7% during the first quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company’s stock valued at $11,982,000 after acquiring an additional 3,252 shares during the last quarter. Finally, Amundi increased its position in Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company’s stock valued at $606,907,000 after acquiring an additional 448,189 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Activity at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director now directly owns 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Scotiabank cut their price target on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 29th. Raymond James Financial reissued a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Wolfe Research lowered Cheniere Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Finally, Argus started coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target for the company. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.23.

Cheniere Energy Stock Performance

NYSE LNG opened at $234.72 on Friday. The firm has a market cap of $52.06 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 4.90 and a beta of 0.43. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The business has a 50-day moving average price of $233.61 and a 200-day moving average price of $225.67. Cheniere Energy, Inc. has a twelve month low of $165.25 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 32.62% and a net margin of 18.37%. The business’s revenue was up 28.0% on a year-over-year basis. During the same period last year, the company earned $2.13 EPS. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy’s payout ratio is presently 14.63%.

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.