Resona Asset Management Co. Ltd. Sells 252 Shares of Cheniere Energy, Inc. $LNG

Resona Asset Management Co. Ltd. lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,474 shares of the energy company’s stock after selling 252 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Cheniere Energy were worth $17,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. grew its stake in shares of Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Cheniere Energy by 473.7% in the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after purchasing an additional 90 shares in the last quarter. Hilltop National Bank purchased a new stake in Cheniere Energy during the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new stake in Cheniere Energy during the 2nd quarter valued at about $30,000. Finally, WPG Advisers LLC bought a new stake in Cheniere Energy during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LNG shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Mizuho increased their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Raymond James Financial restated a “strong-buy” rating and issued a $278.00 price target (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Finally, TD Cowen upped their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $268.73.

Cheniere Energy Price Performance

Shares of LNG opened at $207.83 on Friday. The firm has a fifty day simple moving average of $227.67 and a two-hundred day simple moving average of $232.43. The firm has a market cap of $44.73 billion, a PE ratio of 12.13, a P/E/G ratio of 6.08 and a beta of 0.36. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 1-year low of $188.70 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the business posted $3.93 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.555 per share. The ex-dividend date is Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Cheniere Energy Profile

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.