Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Everhart Financial Group Inc.

Everhart Financial Group Inc. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 12.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,240 shares of the energy company’s stock after selling 184 shares during the quarter. Everhart Financial Group Inc.’s holdings in Cheniere Energy were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LNG. International Assets Investment Management LLC acquired a new stake in Cheniere Energy in the fourth quarter worth approximately $220,930,000. OLD National Bancorp IN bought a new position in Cheniere Energy during the fourth quarter valued at about $341,000. Stock Yards Bank & Trust Co. acquired a new position in Cheniere Energy during the fourth quarter worth about $208,000. GAMMA Investing LLC bought a new stake in Cheniere Energy in the fourth quarter worth about $80,000. Finally, Yousif Capital Management LLC lifted its holdings in Cheniere Energy by 2.3% in the 4th quarter. Yousif Capital Management LLC now owns 3,452 shares of the energy company’s stock valued at $589,000 after acquiring an additional 79 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Up 1.1 %

Shares of LNG stock traded up $2.09 on Friday, reaching $184.00. 913,701 shares of the company’s stock traded hands, compared to its average volume of 1,847,538. The business’s 50 day moving average price is $176.45 and its two-hundred day moving average price is $164.85. The company has a market capitalization of $42.12 billion, a P/E ratio of 8.96 and a beta of 0.96. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $187.35.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $1.71 by $2.13. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.61 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 8.29 earnings per share for the current year.

Cheniere Energy declared that its board has authorized a share buyback program on Monday, June 17th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were given a $0.435 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a yield of 0.95%. Cheniere Energy’s payout ratio is 8.48%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNG. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Stifel Nicolaus decreased their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, Barclays upped their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $196.40.

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.