Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 52.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,291 shares of the energy company’s stock after selling 6,875 shares during the period. Alaska Permanent Fund Corp’s holdings in Cheniere Energy were worth $1,015,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter worth approximately $45,000. Quarry LP boosted its stake in shares of Cheniere Energy by 156.3% in the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock worth $52,000 after acquiring an additional 186 shares during the last quarter. AJOVista LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter worth approximately $60,000. Finally, General Partner Inc. acquired a new stake in shares of Cheniere Energy in the first quarter worth approximately $77,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.6 %

NYSE:LNG opened at $164.99 on Friday. Cheniere Energy, Inc. has a 52 week low of $146.58 and a 52 week high of $183.46. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $37.77 billion, a P/E ratio of 8.04 and a beta of 0.95. The company has a fifty day simple moving average of $158.39.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the firm earned $6.89 EPS. Cheniere Energy’s revenue for the quarter was down 41.8% compared to the same quarter last year. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 8.42 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.05%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Analyst Ratings Changes

LNG has been the topic of a number of research analyst reports. TD Cowen lifted their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Redburn Atlantic assumed coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, UBS Group lowered their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.64.

About Cheniere Energy

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.