Accordant Advisory Group Inc Decreases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Accordant Advisory Group Inc lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 22.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,917 shares of the energy company’s stock after selling 3,098 shares during the period. Cheniere Energy comprises about 2.5% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 16th biggest position. Accordant Advisory Group Inc’s holdings in Cheniere Energy were worth $2,526,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $335,000. Yousif Capital Management LLC grew its holdings in Cheniere Energy by 8.1% in the 4th quarter. Yousif Capital Management LLC now owns 3,962 shares of the energy company’s stock worth $851,000 after acquiring an additional 297 shares during the last quarter. Stephens Inc. AR increased its position in shares of Cheniere Energy by 10.8% in the fourth quarter. Stephens Inc. AR now owns 1,745 shares of the energy company’s stock valued at $375,000 after acquiring an additional 170 shares during the period. Savant Capital LLC boosted its holdings in shares of Cheniere Energy by 1.0% during the fourth quarter. Savant Capital LLC now owns 10,717 shares of the energy company’s stock worth $2,303,000 after purchasing an additional 111 shares during the period. Finally, Sapient Capital LLC raised its position in Cheniere Energy by 9.6% during the 4th quarter. Sapient Capital LLC now owns 8,236 shares of the energy company’s stock valued at $1,770,000 after purchasing an additional 722 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director now directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Price Performance

Shares of LNG opened at $234.82 on Thursday. Cheniere Energy, Inc. has a fifty-two week low of $154.82 and a fifty-two week high of $257.65. The firm’s 50-day simple moving average is $230.24 and its two-hundred day simple moving average is $225.01. The stock has a market cap of $52.08 billion, a PE ratio of 16.50 and a beta of 0.43. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 EPS. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy’s dividend payout ratio is presently 14.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LNG shares. Stifel Nicolaus cut their price objective on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. UBS Group reaffirmed a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Argus started coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target on the stock. Mizuho boosted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, Bank of America raised their target price on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.23.

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.