Forum Financial Management LP Has $319,000 Position in Cheniere Energy, Inc. $LNG

Forum Financial Management LP lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 70.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,123 shares of the energy company’s stock after selling 2,716 shares during the period. Forum Financial Management LP’s holdings in Cheniere Energy were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Strive Financial Group LLC purchased a new position in Cheniere Energy during the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cheniere Energy during the third quarter worth approximately $27,000. Accordant Advisory Group Inc acquired a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $29,000. Finally, Sankala Group LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LNG. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Citigroup increased their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group raised their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Stock Down 2.2%

Shares of LNG stock opened at $238.67 on Wednesday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a fifty day moving average price of $242.90 and a 200 day moving average price of $233.86. The stock has a market cap of $50.01 billion and a P/E ratio of 39.25.

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

Cheniere Energy Dividend Announcement

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

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.