Janney Montgomery Scott LLC Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Janney Montgomery Scott LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,504 shares of the energy company’s stock after purchasing an additional 18,039 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of Cheniere Energy worth $34,133,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Cheniere Energy by 19.3% during the first quarter. Brighton Jones LLC now owns 1,859 shares of the energy company’s stock worth $430,000 after buying an additional 301 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Cheniere Energy by 6.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 239,048 shares of the energy company’s stock worth $55,316,000 after acquiring an additional 13,587 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Cheniere Energy by 14.9% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,564 shares of the energy company’s stock worth $2,676,000 after purchasing an additional 1,500 shares during the period. Lakeridge Wealth Management LLC grew its holdings in Cheniere Energy by 17.4% during the 1st quarter. Lakeridge Wealth Management LLC now owns 1,334 shares of the energy company’s stock valued at $309,000 after purchasing an additional 198 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Cheniere Energy by 63.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,919 shares of the energy company’s stock valued at $17,800,000 after purchasing an additional 29,937 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $233.62 on Tuesday. The firm has a market cap of $51.81 billion, a price-to-earnings ratio of 16.42 and a beta of 0.43. Cheniere Energy, Inc. has a 52-week low of $154.82 and a 52-week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company’s 50 day moving average is $232.17 and its 200 day moving average is $225.35.

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). The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company’s revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 earnings per share. On average, sell-side analysts anticipate 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 was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, May 9th. Cheniere Energy’s payout ratio is 14.63%.

Insider Buying and Selling at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director now owns 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Scotiabank dropped their target price on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. UBS Group restated a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Raymond James reiterated a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Wolfe Research lowered shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Finally, Bank of America raised their price target on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.