Cheniere Energy, Inc. $LNG Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 41.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,000 shares of the energy company’s stock after selling 35,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Cheniere Energy were worth $14,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LNG. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cheniere Energy during the 3rd quarter worth about $27,000. Accordant Advisory Group Inc purchased a new stake in Cheniere Energy during the fourth quarter valued at about $29,000. Finally, Sankala Group LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at about $35,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LNG shares. BMO Capital Markets lifted their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research report on Monday, March 23rd. UBS Group set a $290.00 price target on shares of Cheniere Energy in a report on Wednesday, May 13th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Wolfe Research reiterated an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Stock Up 2.8%

Shares of Cheniere Energy stock opened at $241.71 on Friday. The stock has a 50-day moving average price of $243.54 and a 200 day moving average price of $232.99. The company has a market cap of $50.65 billion and a P/E ratio of 39.75. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89.

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

Cheniere Energy Announces Dividend

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

Insider Activity at Cheniere Energy

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

Cheniere Energy Company Profile

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.