Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Peirce Capital Management LLC

Peirce Capital Management LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,381 shares of the energy company’s stock after selling 63 shares during the quarter. Peirce Capital Management LLC’s holdings in Cheniere Energy were worth $223,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy during the fourth quarter worth about $28,000. Scarborough Advisors LLC purchased a new position in Cheniere Energy in the 4th quarter worth approximately $45,000. Quarry LP grew its position in Cheniere Energy by 156.3% in the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after acquiring an additional 186 shares in the last quarter. AJOVista LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $60,000. Finally, General Partner Inc. acquired a new position in shares of Cheniere Energy during the first quarter worth $77,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded up $6.60 during trading on Tuesday, reaching $161.69. The stock had a trading volume of 1,844,777 shares, compared to its average volume of 1,857,032. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $37.01 billion, a PE ratio of 7.95 and a beta of 0.96. Cheniere Energy, Inc. has a one year low of $146.41 and a one year high of $183.46. The stock has a 50 day simple moving average of $157.97.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Friday, May 3rd. The energy company reported $2.13 EPS 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 the consensus estimate of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same period last year, the company posted $6.89 earnings per share. On average, research analysts expect that Cheniere Energy, Inc. will post 8.42 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, August 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Redburn Atlantic initiated 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. TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus boosted their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. UBS Group lowered their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.