Ballentine Partners LLC Sells 1,439 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Ballentine Partners LLC cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 26.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,059 shares of the energy company’s stock after selling 1,439 shares during the period. Ballentine Partners LLC’s holdings in Cheniere Energy were worth $655,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LNG. Royal Fund Management LLC raised its stake in shares of Cheniere Energy by 12.0% during the first quarter. Royal Fund Management LLC now owns 14,969 shares of the energy company’s stock valued at $2,414,000 after acquiring an additional 1,608 shares in the last quarter. Cooper Financial Group raised its position in Cheniere Energy by 1.2% during the 1st quarter. Cooper Financial Group now owns 7,684 shares of the energy company’s stock valued at $1,239,000 after purchasing an additional 94 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of Cheniere Energy by 0.6% in the 1st quarter. Gulf International Bank UK Ltd now owns 20,058 shares of the energy company’s stock worth $3,234,000 after buying an additional 117 shares during the period. RFG Advisory LLC grew its position in shares of Cheniere Energy by 42.3% during the 1st quarter. RFG Advisory LLC now owns 6,993 shares of the energy company’s stock worth $1,128,000 after buying an additional 2,079 shares in the last quarter. Finally, Inscription Capital LLC purchased a new position in shares of Cheniere Energy during the first quarter valued at $250,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Redburn Atlantic began coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price for the company. TD Cowen boosted their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $198.64.

Cheniere Energy Trading Up 1.2 %

Shares of NYSE:LNG traded up $2.03 on Monday, hitting $166.95. 230,401 shares of the company were exchanged, compared to its average volume of 1,877,509. The stock has a market cap of $38.22 billion, a price-to-earnings ratio of 8.03 and a beta of 0.95. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. Cheniere Energy, Inc. has a 1-year low of $146.58 and a 1-year high of $183.46. The stock has a 50 day moving average price of $158.39.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business’s revenue was down 41.8% on a year-over-year basis. During the same quarter last year, the business earned $6.89 EPS. On average, equities analysts predict that Cheniere Energy, Inc. will post 8.31 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared 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 is Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 1.04%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.