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Paragon Advisors LLC Sells 4,220 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Financial News Live · Oct 4, 2022 11:12

Paragon Advisors LLC decreased its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 17.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,112 shares of the energy company's stock after selling 4,220 shares during the quarter. Cheniere Energy accounts for 1.3% of Paragon Advisors LLC's portfolio, making the stock its 19th biggest holding. Paragon Advisors LLC's holdings in Cheniere Energy were worth $2,676,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LNG. Oregon Public Employees Retirement Fund increased its position in shares of Cheniere Energy by 3.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 45,216 shares of the energy company's stock valued at $6,269,000 after purchasing an additional 1,427 shares during the last quarter. Private Capital Group LLC increased its position in shares of Cheniere Energy by 4.3% during the 1st quarter. Private Capital Group LLC now owns 2,183 shares of the energy company's stock valued at $303,000 after purchasing an additional 90 shares during the last quarter. Level Four Advisory Services LLC bought a new position in shares of Cheniere Energy during the 1st quarter valued at approximately $206,000. Sprott Inc. increased its position in shares of Cheniere Energy by 1.5% during the 1st quarter. Sprott Inc. now owns 5,530 shares of the energy company's stock valued at $767,000 after purchasing an additional 84 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of Cheniere Energy by 21.9% during the 1st quarter. Ameritas Advisory Services LLC now owns 8,073 shares of the energy company's stock valued at $1,119,000 after purchasing an additional 1,449 shares during the last quarter. Institutional investors own 88.17% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LNG shares. Barclays boosted their price objective on Cheniere Energy from $160.00 to $186.00 and gave the company an "overweight" rating in a report on Tuesday, August 16th. The Goldman Sachs Group restated a "buy" rating on shares of Cheniere Energy in a report on Thursday, September 15th. Stifel Nicolaus boosted their price objective on Cheniere Energy from $159.00 to $201.00 and gave the company a "buy" rating in a report on Monday, September 19th. Morgan Stanley boosted their price objective on Cheniere Energy from $154.00 to $203.00 in a report on Thursday, September 15th. Finally, Royal Bank of Canada upped their target price on Cheniere Energy from $184.00 to $199.00 and gave the stock an "outperform" rating in a report on Wednesday, September 14th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $179.91.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, SVP Aaron D. Stephenson sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $168.21, for a total transaction of $504,630.00. Following the transaction, the senior vice president now owns 56,016 shares in the company, valued at $9,422,451.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company's stock.

Cheniere Energy Stock Up 1.6 %

Shares of LNG stock traded up $2.68 during mid-day trading on Tuesday, reaching $170.01. The stock had a trading volume of 15,619 shares, compared to its average volume of 2,426,317. The company has a debt-to-equity ratio of 24.30, a quick ratio of 0.93 and a current ratio of 1.08. The firm has a market capitalization of $42.47 billion, a PE ratio of -18.09 and a beta of 1.26. Cheniere Energy, Inc. has a 1-year low of $97.00 and a 1-year high of $178.62.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The energy company reported $2.90 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.07. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $6.42 billion. Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%. The company's revenue was up 165.4% on a year-over-year basis. During the same period in the prior year, the company earned ($1.30) earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 10.91 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 16th. Stockholders of record on Tuesday, November 8th will be paid a $0.395 dividend. This is an increase from Cheniere Energy's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, November 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.93%. Cheniere Energy's dividend payout ratio is presently -14.27%.

Cheniere Energy Company Profile

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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.