Tortoise Capital Advisors L.L.C. Has $690.63 Million Position in Cheniere Energy, Inc. $LNG

Tortoise Capital Advisors L.L.C. reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,984,568 shares of the energy company’s stock after selling 95,167 shares during the quarter. Cheniere Energy accounts for about 8.3% of Tortoise Capital Advisors L.L.C.’s holdings, making the stock its 5th biggest holding. Tortoise Capital Advisors L.L.C.’s holdings in Cheniere Energy were worth $690,629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LNG. Altman Advisors Inc. increased its stake in shares of Cheniere Energy by 0.4% in the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock valued at $2,348,000 after buying an additional 43 shares during the period. Greenleaf Trust boosted its holdings in Cheniere Energy by 1.1% in the first quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock worth $975,000 after acquiring an additional 46 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Cheniere Energy by 14.0% in the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock valued at $90,000 after purchasing an additional 48 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Cheniere Energy by 5.0% in the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock valued at $233,000 after purchasing an additional 48 shares in the last quarter. Finally, BIP Wealth LLC boosted its position in Cheniere Energy by 1.4% in the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company’s stock worth $762,000 after purchasing an additional 50 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $240.4260 on Friday. The firm has a market capitalization of $52.84 billion, a P/E ratio of 14.04 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock’s 50-day simple moving average is $234.77 and its two-hundred day simple moving average is $229.05. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.84 EPS. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 8th. Cheniere Energy’s dividend payout ratio is currently 11.68%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a “buy” rating in a research note on Thursday, June 26th. TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Buy” and a consensus price target of $261.93.

Insiders Place Their Bets

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated 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 transaction, the director directly owned 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.

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.