Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Man Group plc

Man Group plc lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 58.2% in the 4th quarter, Holdings Channel reports. The firm owned 302,048 shares of the energy company’s stock after selling 419,871 shares during the period. Man Group plc’s holdings in Cheniere Energy were worth $64,901,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. WR Wealth Planners LLC grew its stake in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after acquiring an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the 4th quarter valued at about $29,000. Banque Transatlantique SA purchased a new stake in Cheniere Energy during the 4th quarter valued at about $32,000. Finally, Nemes Rush Group LLC grew its stake in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $232.37 on Thursday. The firm has a 50 day simple moving average of $225.67 and a 200-day simple moving average of $220.76. Cheniere Energy, Inc. has a 1-year low of $153.03 and a 1-year high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market cap of $51.78 billion, a price-to-earnings ratio of 16.33 and a beta of 0.41.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 EPS. On average, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s payout ratio is currently 14.63%.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents a 20.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on LNG shares. Argus started coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective for the company. TD Cowen upped their price objective on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Mizuho upped their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Scotiabank dropped their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Finally, Wolfe Research cut shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.23.

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.