PDS Planning Inc Has $325,000 Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

PDS Planning Inc lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,406 shares of the energy company’s stock after acquiring an additional 77 shares during the period. PDS Planning Inc’s holdings in Cheniere Energy were worth $325,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in Cheniere Energy by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company’s stock worth $1,220,858,000 after purchasing an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Cheniere Energy by 10.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock worth $886,664,000 after buying an additional 379,142 shares in the last quarter. Invesco Ltd. lifted its position in shares of Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock worth $695,599,000 after buying an additional 450,031 shares during the period. Norges Bank acquired a new stake in Cheniere Energy in the 4th quarter valued at $629,197,000. Finally, Amundi grew its position in Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company’s stock valued at $606,907,000 after acquiring an additional 448,189 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director now owns 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $239.87 on Friday. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 5.23 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The stock has a 50-day moving average price of $234.64 and a 200 day moving average price of $226.29.

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

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. Cheniere Energy’s payout ratio is presently 14.63%.

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. Bank of America lifted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho lifted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the stock an “overweight” rating in a research note on Wednesday. Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.36.

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.