Cheniere Energy, Inc. (NYSE:LNG) Holdings Trimmed by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 59.6% during the 4th quarter, HoldingsChannel reports. The fund owned 13,006 shares of the energy company’s stock after selling 19,149 shares during the period. Intech Investment Management LLC’s holdings in Cheniere Energy were worth $2,795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in shares of Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Cheniere Energy by 2.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after acquiring an additional 46 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock valued at $719,000 after acquiring an additional 55 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Cheniere Energy by 0.8% during the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock valued at $1,513,000 after acquiring an additional 59 shares in the last quarter. Finally, Hourglass Capital LLC grew its holdings in shares of Cheniere Energy by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock valued at $2,353,000 after acquiring an additional 60 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays upped their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Argus assumed coverage on shares of Cheniere Energy in a report on Tuesday. They issued a “buy” rating and a $255.00 price objective for the company. UBS Group reiterated a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday. Finally, The Goldman Sachs Group upped their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $239.79.

Cheniere Energy Stock Up 1.5 %

Cheniere Energy stock opened at $227.29 on Thursday. The firm has a market cap of $50.84 billion, a price-to-earnings ratio of 15.97 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 fifty-two week low of $152.88 and a fifty-two week high of $257.65. The firm has a fifty day moving average price of $224.88 and a two-hundred day moving average price of $208.31.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates 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 forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the company’s 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 transaction, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.

Cheniere Energy 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.