Trust Co. of Vermont Sells 512 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Trust Co. of Vermont decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,290 shares of the energy company’s stock after selling 512 shares during the quarter. Trust Co. of Vermont’s holdings in Cheniere Energy were worth $1,799,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in Cheniere Energy in the first quarter worth $26,000. Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth $28,000. Riverview Trust Co purchased a new stake in shares of Cheniere Energy in the first quarter worth $29,000. Scarborough Advisors LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth $45,000. Finally, Quarry LP grew its stake in shares of Cheniere Energy by 156.3% in the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock worth $52,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock traded up $4.30 during mid-day trading on Tuesday, reaching $176.54. 1,395,524 shares of the stock traded hands, compared to its average volume of 1,890,226. The stock has a market capitalization of $40.41 billion, a PE ratio of 8.60 and a beta of 0.96. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $184.62. The business’s 50-day moving average is $169.66 and its 200-day moving average is $163.67.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations 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 was down 41.8% compared to the same quarter last year. During the same quarter last year, the company posted $6.89 EPS. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 8.29 EPS 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. Shareholders 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 is Friday, August 9th. Cheniere Energy’s payout ratio is 8.48%.

Cheniere Energy announced that its Board of Directors has approved a share repurchase program on Monday, June 17th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the energy company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LNG. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. TD Cowen increased their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. UBS Group cut their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Redburn Atlantic initiated coverage on Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. Finally, Barclays upped their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.09.

Cheniere Energy Company 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.