IBM Retirement Fund trimmed its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 4.3% in the first quarter, Holdings Channel.com reports. The firm owned 3,741 shares of the energy company’s stock after selling 170 shares during the quarter. IBM Retirement Fund’s holdings in Cheniere Energy were worth $519,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. grew its stake in Cheniere Energy by 2,092.3% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 285 shares of the energy company’s stock worth $29,000 after buying an additional 272 shares during the period. Optimum Investment Advisors purchased a new stake in Cheniere Energy during the first quarter worth approximately $49,000. OLD Second National Bank of Aurora purchased a new stake in Cheniere Energy during the fourth quarter worth approximately $33,000. UMB Bank N A MO purchased a new stake in Cheniere Energy during the fourth quarter worth approximately $56,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cheniere Energy during the fourth quarter worth approximately $61,000. Hedge funds and other institutional investors own 88.17% of the company’s stock.
LNG has been the subject of several research reports. Barclays boosted their price objective on shares of Cheniere Energy from $131.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. Raymond James upped their price target on shares of Cheniere Energy from $165.00 to $171.00 in a report on Wednesday, May 4th. Cowen increased their target price on shares of Cheniere Energy from $145.00 to $170.00 in a report on Thursday, May 5th. Mizuho increased their target price on shares of Cheniere Energy from $145.00 to $159.00 in a report on Friday, May 6th. Finally, Wells Fargo & Company upped their price target on shares of Cheniere Energy from $162.00 to $185.00 in a research report on Monday, May 9th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and an average target price of $155.08.
Shares of NYSEAMERICAN LNG opened at $126.58 on Monday. The company has a debt-to-equity ratio of 24.30, a current ratio of 1.08 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 52-week low of $80.06 and a 52-week high of $150.00. The firm has a market cap of $32.17 billion, a price-to-earnings ratio of -13.68 and a beta of 1.26.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The energy company reported ($3.41) EPS for the quarter, missing analysts’ consensus estimates of $3.45 by ($6.86). The firm had revenue of $7.48 billion during the quarter, compared to analyst estimates of $5.56 billion. Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%. Cheniere Energy’s revenue for the quarter was up 142.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 10.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Tuesday, May 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, May 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.04%. Cheniere Energy’s payout ratio is -14.27%.
In other Cheniere Energy news, Director Neal A. Shear sold 10,318 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $140.16, for a total transaction of $1,446,170.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.
Cheniere Energy Company Profile (Get Rating)
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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Source: defenseworld.net
