7,196 Cheniere Energy, Inc. $LNG Shares Sold by Kieckhefer Group LLC

Kieckhefer Group LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 43.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,514 shares of the energy company’s stock after selling 7,196 shares during the period. Cheniere Energy accounts for 1.0% of Kieckhefer Group LLC’s portfolio, making the stock its 16th largest position. Kieckhefer Group LLC’s holdings in Cheniere Energy were worth $2,560,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. McCollum Christoferson Group LLC bought a new stake in shares of Cheniere Energy in the third quarter worth $18,692,000. NorthCrest Asset Manangement LLC increased its stake in shares of Cheniere Energy by 10.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 25,622 shares of the energy company’s stock worth $7,120,000 after purchasing an additional 2,432 shares in the last quarter. Sacks & Associates LLC purchased a new stake in Cheniere Energy in the 3rd quarter worth $377,000. Oak Grove Capital LLC raised its stake in Cheniere Energy by 3.8% during the 3rd quarter. Oak Grove Capital LLC now owns 8,150 shares of the energy company’s stock valued at $2,193,000 after purchasing an additional 300 shares during the period. Finally, Castleview Partners LLC boosted its position in shares of Cheniere Energy by 3.4% during the third quarter. Castleview Partners LLC now owns 2,070 shares of the energy company’s stock worth $557,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.1%

NYSE LNG traded up $3.20 during trading on Tuesday, hitting $285.69. The company’s stock had a trading volume of 438,248 shares, compared to its average volume of 2,319,325. The company has a market cap of $59.00 billion, a PE ratio of 21.27, a P/E/G ratio of 1.11 and a beta of 0.06. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The business’s 50 day simple moving average is $274.81 and its 200-day simple moving average is $260.88.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the business posted $7.30 EPS. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 16.76 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were issued a dividend of $0.5550 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is 16.53%.

Analyst Ratings Changes

Several research firms have weighed in on LNG. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. UBS Group restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Scotiabank upped their price target on shares of Cheniere Energy from $290.00 to $312.00 and gave the stock an “outperform” rating in a report on Thursday, September 10th. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, TD Cowen boosted their price target on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $306.47.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.