Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 6.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,540 shares of the energy company’s stock after selling 288 shares during the period. iA Global Asset Management Inc.’s holdings in Cheniere Energy were worth $976,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares during the period. WR Wealth Planners LLC lifted its stake in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $29,000. Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $43,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $46,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on LNG. The Goldman Sachs Group raised their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Argus began coverage on shares of Cheniere Energy in a research note on Tuesday. They issued a “buy” rating and a $255.00 price objective for the company. Mizuho raised their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group reiterated a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.79.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $227.24 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average price of $225.03 and a two-hundred day moving average price of $208.75. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The company has a market capitalization of $50.83 billion, a P/E ratio of 15.97 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

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.