NBW Capital LLC Sells 161 Shares of Cheniere Energy, Inc. (NYSE:LNG)

NBW Capital LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 52,365 shares of the energy company’s stock after selling 161 shares during the period. Cheniere Energy accounts for about 1.7% of NBW Capital LLC’s portfolio, making the stock its 16th largest position. NBW Capital LLC’s holdings in Cheniere Energy were worth $8,445,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Xcel Wealth Management LLC boosted its holdings in Cheniere Energy by 3.4% in the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after acquiring an additional 65 shares during the last quarter. Keene & Associates Inc. boosted its holdings in Cheniere Energy by 3.8% in the first quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock valued at $290,000 after acquiring an additional 65 shares during the last quarter. E&G Advisors LP boosted its holdings in Cheniere Energy by 5.2% in the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after acquiring an additional 70 shares during the last quarter. Syon Capital LLC boosted its holdings in Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after acquiring an additional 73 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in Cheniere Energy by 13.1% in the fourth quarter. Montag A & Associates Inc. now owns 654 shares of the energy company’s stock valued at $112,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.8 %

Shares of NYSE LNG traded down $3.21 during mid-day trading on Friday, reaching $176.55. 1,926,616 shares of the company’s stock were exchanged, compared to its average volume of 1,543,313. The firm has a market capitalization of $40.41 billion, a price-to-earnings ratio of 8.60 and a beta of 0.96. 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 business has a fifty day simple moving average of $169.35 and a 200 day simple moving average of $163.65. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $184.62.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business posted $6.89 EPS. The firm’s quarterly revenue was down 41.8% compared to the same quarter last year. As a group, equities analysts expect that Cheniere Energy, Inc. will post 8.29 EPS for the current fiscal year.

Cheniere Energy announced that its Board of Directors has initiated a share buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors 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 of this dividend is Friday, August 9th. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Analysts Set New Price Targets

Several research firms recently issued reports on LNG. Barclays raised their price target on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. TD Cowen raised their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. UBS Group reduced their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Redburn Atlantic initiated coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.09.

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.