Resona Asset Management Co. Ltd. Sells 252 Shares of Cheniere Energy, Inc. $LNG

Resona Asset Management Co. Ltd. cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 72,474 shares of the energy company’s stock after selling 252 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cheniere Energy were worth $17,616,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Pinnacle Bancorp Inc. raised its stake in shares of Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after buying an additional 59 shares during the period. Westside Investment Management Inc. increased its holdings in Cheniere Energy by 473.7% in the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. Hilltop National Bank purchased a new stake in Cheniere Energy in the 2nd quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new stake in Cheniere Energy during the 2nd quarter worth approximately $30,000. Finally, WPG Advisers LLC bought a new position in shares of Cheniere Energy in the first quarter worth approximately $38,000. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the topic of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research report on Monday. Finally, Mizuho lifted their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $268.73.

Cheniere Energy Stock Down 0.1%

Shares of LNG stock opened at $207.83 on Friday. The company’s fifty day simple moving average is $227.67 and its two-hundred day simple moving average is $232.43. Cheniere Energy, Inc. has a 52 week low of $188.70 and a 52 week high of $257.65. The stock has a market cap of $44.73 billion, a P/E ratio of 12.13, a PEG ratio of 6.08 and a beta of 0.36. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $2.00. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business’s revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.93 earnings per share. Analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Insider Activity

In other news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company insiders.

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.