Gulf International Bank UK Ltd Has $3.06 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Gulf International Bank UK Ltd decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,236 shares of the energy company’s stock after selling 4,989 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Cheniere Energy were worth $3,062,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP raised its stake in shares of Cheniere Energy by 7.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock valued at $345,920,000 after buying an additional 105,875 shares in the last quarter. Fractal Investments LLC raised its stake in shares of Cheniere Energy by 27.7% in the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock valued at $17,490,000 after buying an additional 16,385 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock valued at $5,439,000 after buying an additional 1,630 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Cheniere Energy by 13.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,765 shares of the energy company’s stock valued at $2,722,000 after buying an additional 1,359 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Cheniere Energy by 3.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,262,055 shares of the energy company’s stock valued at $292,040,000 after buying an additional 47,104 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $231.24 on Thursday. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65. The firm has a market cap of $50.82 billion, a PE ratio of 13.50 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The business has a fifty day moving average of $235.08 and a 200-day moving average of $228.79.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the company posted $3.84 earnings per share. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS 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. Stockholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy’s dividend payout ratio is 11.68%.

Insider Activity

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 owned 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LNG shares. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Raymond James Financial restated a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $261.93.

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.