Cbre Clarion Securities LLC Lowers Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Cbre Clarion Securities LLC decreased its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 24.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 339,243 shares of the energy company’s stock after selling 108,448 shares during the quarter. Cbre Clarion Securities LLC owned 0.13% of Cheniere Energy worth $24,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank acquired a new stake in Cheniere Energy in the first quarter valued at approximately $30,000. Sandy Spring Bank raised its holdings in Cheniere Energy by 186.7% in the first quarter. Sandy Spring Bank now owns 430 shares of the energy company’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Cumberland Partners Ltd acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $32,000. Ellevest Inc. raised its holdings in Cheniere Energy by 85.9% in the first quarter. Ellevest Inc. now owns 513 shares of the energy company’s stock valued at $37,000 after acquiring an additional 237 shares in the last quarter. Finally, Arlington Partners LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $45,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Shares of NYSEAMERICAN:LNG traded up $0.47 during midday trading on Friday, hitting $88.47. 24,858 shares of the stock were exchanged, compared to its average volume of 1,366,032. The firm has a 50 day simple moving average of $59.09. Cheniere Energy, Inc. has a twelve month low of $43.51 and a twelve month high of $90.00. The company has a market capitalization of $22.43 billion, a PE ratio of -304.64, a P/E/G ratio of 0.66 and a beta of 1.62. The company has a current ratio of 1.13, a quick ratio of 1.03 and a debt-to-equity ratio of 11.25.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Monday, May 3rd. The energy company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.69. Cheniere Energy had a negative net margin of 0.69% and a positive return on equity of 23.00%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 3.83 earnings per share for the current year.

In other news, Director David B. Kilpatrick sold 4,397 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $75.50, for a total transaction of $331,973.50. Following the completion of the transaction, the director now owns 9,938 shares of the company’s stock, valued at approximately $750,319. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

A number of analysts have weighed in on LNG shares. Raymond James raised their price objective on shares of Cheniere Energy from $83.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 15th. Wells Fargo & Company raised their target price on shares of Cheniere Energy from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, May 13th. Finally, Barclays raised their target price on shares of Cheniere Energy from $80.00 to $104.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 18th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Cheniere Energy presently has an average rating of “Buy” and an average price target of $81.00.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, 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 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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