Courier Capital LLC Sells 328 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Courier Capital LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,481 shares of the energy company’s stock after selling 328 shares during the period. Courier Capital LLC’s holdings in Cheniere Energy were worth $1,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Norges Bank bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $308,910,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cheniere Energy by 35.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock worth $232,319,000 after acquiring an additional 367,275 shares in the last quarter. Laurion Capital Management LP boosted its holdings in Cheniere Energy by 107.2% in the third quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock worth $3,321,000 after acquiring an additional 296,687 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Cheniere Energy by 40.8% in the third quarter. AQR Capital Management LLC now owns 908,987 shares of the energy company’s stock worth $150,828,000 after acquiring an additional 263,457 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Cheniere Energy by 5.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock worth $672,559,000 after acquiring an additional 220,802 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.6 %

Shares of LNG opened at $174.98 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $40.06 billion, a P/E ratio of 8.52 and a beta of 0.95. The firm’s 50 day simple moving average is $159.72. Cheniere Energy, Inc. has a 12 month low of $148.57 and a 12 month high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly 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). The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The business’s revenue was down 41.8% compared to the same quarter last year. During the same period in the previous year, the business posted $6.89 earnings per share. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 8.33 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LNG. TD Cowen increased their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. UBS Group cut their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, May 6th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.