Balefire LLC Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Balefire LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,660 shares of the energy company’s stock after buying an additional 1,650 shares during the period. Cheniere Energy accounts for about 1.0% of Balefire LLC’s investment portfolio, making the stock its 25th biggest position. Balefire LLC’s holdings in Cheniere Energy were worth $2,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WR Wealth Planners LLC increased its holdings in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after buying an additional 97 shares during the last quarter. REAP Financial Group LLC grew its position in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy in the fourth quarter worth about $29,000. Banque Transatlantique SA bought a new stake in Cheniere Energy during the fourth quarter worth approximately $32,000. Finally, Nemes Rush Group LLC raised its position in Cheniere Energy by 2,022.2% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after purchasing an additional 182 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 1.3%

Shares of Cheniere Energy stock opened at $236.72 on Thursday. 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 stock has a market cap of $52.50 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 5.00 and a beta of 0.43. The firm’s 50-day moving average is $234.26 and its two-hundred day moving average is $225.92. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65.

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

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, August 8th. Cheniere Energy’s payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LNG shares. Scotiabank cut their target price on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. Wall Street Zen downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, Argus assumed coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.08.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction on 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 now directly owns 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. This 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.

Cheniere Energy Company 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.