LWM Advisory Services LLC decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,760 shares of the energy company’s stock after selling 133 shares during the quarter. LWM Advisory Services LLC’s holdings in Cheniere Energy were worth $593,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after buying an additional 167,575 shares in the last quarter. Wellington Management Group LLP raised its position in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its position in Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after purchasing an additional 1,789,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Cheniere Energy by 11.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after purchasing an additional 178,318 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Cheniere Energy by 61.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after purchasing an additional 631,787 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on LNG. Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Stifel Nicolaus lifted their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Scotiabank boosted their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.75.
Cheniere Energy Trading Down 2.7 %
LNG opened at $220.90 on Friday. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The stock has a market capitalization of $49.56 billion, a price-to-earnings ratio of 15.52 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business has a fifty day moving average price of $223.08 and a 200 day moving average price of $203.79.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.
Cheniere Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.91%. Cheniere Energy’s payout ratio is 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.
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