Thoroughbred Financial Services LLC Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Thoroughbred Financial Services LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 26.5% during the first quarter, HoldingsChannel reports. The firm owned 7,968 shares of the energy company’s stock after purchasing an additional 1,669 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Cheniere Energy were worth $1,843,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. REAP Financial Group LLC raised its position in shares of Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after buying an additional 75 shares during the period. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy in the 4th quarter worth $32,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the 1st quarter worth $38,000. Ameriflex Group Inc. purchased a new position in shares of Cheniere Energy in the 4th quarter worth $42,000. Finally, Tsfg LLC raised its position in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company’s stock worth $45,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.9%

Shares of Cheniere Energy stock opened at $239.83 on Wednesday. The business has a 50-day moving average of $235.84 and a 200-day moving average of $229.05. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a market capitalization of $53.19 billion, a PE ratio of 17.54 and a beta of 0.43. Cheniere Energy, Inc. has a 1-year low of $174.46 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The firm’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.63%.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the transaction, the director owned 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LNG shares. Wall Street Zen lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Barclays reiterated an “overweight” rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Bank of America increased their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Finally, Wolfe Research downgraded Cheniere Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $260.36.

About Cheniere Energy

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.