Lewis Asset Management LLC Lowers Position in Cheniere Energy, Inc. $LNG

Lewis Asset Management LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 28.0% during the first quarter, Holdings Channel.com reports. The firm owned 6,303 shares of the energy company’s stock after selling 2,448 shares during the period. Lewis Asset Management LLC’s holdings in Cheniere Energy were worth $1,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Signal Advisors Wealth LLC boosted its holdings in Cheniere Energy by 2.9% during the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after buying an additional 42 shares in the last quarter. Ameriflex Group Inc. boosted its stake in shares of Cheniere Energy by 7.3% during the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after acquiring an additional 47 shares in the last quarter. Quest Investment Management LLC boosted its stake in shares of Cheniere Energy by 6.1% during the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after acquiring an additional 50 shares in the last quarter. Aviso Wealth Management grew its position in shares of Cheniere Energy by 2.1% during the 4th quarter. Aviso Wealth Management now owns 2,489 shares of the energy company’s stock valued at $484,000 after acquiring an additional 50 shares during the period. Finally, Keel Point LLC grew its position in shares of Cheniere Energy by 5.2% during the 3rd quarter. Keel Point LLC now owns 1,111 shares of the energy company’s stock valued at $261,000 after acquiring an additional 55 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cheniere Energy

In related news, CFO Zach Davis sold 29,000 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $300.00, for a total value of $8,700,000.00. Following the completion of the sale, the chief financial officer owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $241.71 on Friday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $50.65 billion and a PE ratio of 39.75. The business has a 50 day simple moving average of $243.54 and a 200-day simple moving average of $232.99.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. Equities research analysts anticipate that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is presently 36.51%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LNG. Wells Fargo & Company reduced their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a report on Friday, March 13th. UBS Group set a $290.00 target price on Cheniere Energy in a research note on Wednesday, May 13th. Wall Street Zen lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada lifted their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Finally, TD Cowen upped their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $297.71.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.