Alliancebernstein L.P. Grows Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Alliancebernstein L.P. raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 783,261 shares of the energy company’s stock after acquiring an additional 232,028 shares during the quarter. Alliancebernstein L.P. owned about 0.35% of Cheniere Energy worth $168,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LNG. Thrivent Financial for Lutherans raised its stake in shares of Cheniere Energy by 89.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company’s stock valued at $1,069,000 after purchasing an additional 2,808 shares during the period. Townsquare Capital LLC grew its holdings in Cheniere Energy by 27.9% during the 3rd quarter. Townsquare Capital LLC now owns 3,805 shares of the energy company’s stock valued at $684,000 after buying an additional 829 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Cheniere Energy during the third quarter valued at about $327,000. Hilltop Holdings Inc. lifted its holdings in shares of Cheniere Energy by 56.6% in the third quarter. Hilltop Holdings Inc. now owns 2,828 shares of the energy company’s stock worth $509,000 after buying an additional 1,022 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Cheniere Energy by 1.9% in the third quarter. HighTower Advisors LLC now owns 159,519 shares of the energy company’s stock valued at $28,670,000 after acquiring an additional 2,949 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.3 %

Shares of NYSE LNG opened at $230.60 on Wednesday. The stock has a market capitalization of $51.58 billion, a P/E ratio of 16.20 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a one year low of $152.88 and a one year high of $257.65. The firm’s 50 day simple moving average is $222.74 and its two-hundred day simple moving average is $211.68.

Cheniere Energy (NYSE:LNG) last issued its 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 company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction that occurred on 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 owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley lifted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Mizuho upped their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.79.

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.