Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Clearstead Trust LLC

Clearstead Trust LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 84.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,681 shares of the energy company’s stock after acquiring an additional 1,681 shares during the quarter. Clearstead Trust LLC’s holdings in Cheniere Energy were worth $791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Catalyst Funds Management Pty Ltd acquired a new stake in Cheniere Energy during the fourth quarter worth $5,028,000. Poinciana Advisors Group LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth $208,000. United Capital Management of KS Inc. boosted its position in shares of Cheniere Energy by 14.8% during the fourth quarter. United Capital Management of KS Inc. now owns 24,017 shares of the energy company’s stock worth $5,160,000 after buying an additional 3,104 shares during the period. Wellington Shields & Co. LLC boosted its position in shares of Cheniere Energy by 204.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 1,371 shares of the energy company’s stock worth $295,000 after buying an additional 920 shares during the period. Finally, Midwest Professional Planners LTD. boosted its position in shares of Cheniere Energy by 6.4% during the fourth quarter. Midwest Professional Planners LTD. now owns 8,832 shares of the energy company’s stock worth $1,898,000 after buying an additional 530 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Cheniere Energy Trading Up 3.3 %

NYSE:LNG opened at $218.61 on Friday. The stock has a 50-day simple moving average of $224.85 and a 200-day simple moving average of $207.29. The stock has a market cap of $48.90 billion, a P/E ratio of 15.36 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. 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 released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is currently 14.05%.

Analysts Set New Price Targets

Several research firms have recently commented on LNG. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Stifel Nicolaus boosted their target price on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $236.33.

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.