Valley National Advisers Inc. Sells 134 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Valley National Advisers Inc. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 875 shares of the energy company’s stock after selling 134 shares during the quarter. Valley National Advisers Inc.’s holdings in Cheniere Energy were worth $141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $308,910,000. Laurion Capital Management LP lifted its holdings in shares of Cheniere Energy by 107.2% during the 3rd quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock valued at $3,321,000 after purchasing an additional 296,687 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Cheniere Energy by 5.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock worth $672,559,000 after purchasing an additional 220,802 shares in the last quarter. Vanguard Group Inc. grew its stake in Cheniere Energy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock worth $3,845,958,000 after buying an additional 151,311 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Cheniere Energy by 60.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 349,951 shares of the energy company’s stock valued at $57,748,000 after buying an additional 131,904 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded down $0.37 during trading on Wednesday, hitting $174.08. 983,444 shares of the company’s stock were exchanged, compared to its average volume of 1,947,605. The company has a market cap of $39.85 billion, a PE ratio of 8.46 and a beta of 0.96. The firm’s 50-day simple moving average is $160.28. Cheniere Energy, Inc. has a 52-week low of $148.57 and a 52-week high of $183.46. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. Cheniere Energy’s revenue for the quarter was down 41.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.89 earnings per share. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 8.33 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Analyst Ratings Changes

Several equities research analysts have weighed in on LNG shares. TD Cowen raised 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 dropped their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. 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. Finally, StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.64.

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.