Cheniere Energy, Inc. $LNG Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 109,965 shares of the energy company’s stock after selling 4,770 shares during the period. Van ECK Associates Corp’s holdings in Cheniere Energy were worth $26,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $25,000. Financial Life Planners acquired a new stake in Cheniere Energy during the 1st 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. Community Financial Services Group LLC acquired a new stake in Cheniere Energy during the 2nd quarter worth about $29,000. Finally, Transamerica Financial Advisors LLC grew its stake in Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after purchasing an additional 63 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 0.0%

Shares of NYSE:LNG opened at $282.36 on Monday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a market capitalization of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01. The business has a 50 day moving average of $260.25 and a two-hundred day moving average of $253.45. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.Cheniere Energy’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business earned $7.30 EPS. As a group, analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is 16.53%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LNG shares. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Wolfe Research reaffirmed an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Barclays upped their target price on Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada raised their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $304.35.

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.