Renasant Bank Sells 1,365 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Renasant Bank trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 38.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,223 shares of the energy company’s stock after selling 1,365 shares during the period. Renasant Bank’s holdings in Cheniere Energy were worth $478,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. lifted its holdings in shares of Cheniere Energy by 7.4% in the 3rd quarter. Harbour Investments Inc. now owns 1,194 shares of the energy company’s stock worth $215,000 after acquiring an additional 82 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Cheniere Energy in the 3rd quarter worth $851,000. Victory Capital Management Inc. lifted its stake in Cheniere Energy by 2.5% in the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock worth $20,436,000 after purchasing an additional 2,768 shares during the last quarter. MQS Management LLC purchased a new stake in Cheniere Energy during the third quarter valued at about $386,000. Finally, Huntington National Bank grew its stake in shares of Cheniere Energy by 2.6% during the third quarter. Huntington National Bank now owns 3,571 shares of the energy company’s stock valued at $642,000 after buying an additional 89 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 1.9 %

Shares of LNG opened at $210.99 on Friday. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The firm has a market capitalization of $47.19 billion, a price-to-earnings ratio of 14.83 and a beta of 0.94. The firm’s 50-day moving average price is $224.93 and its 200-day moving average price is $207.05. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating 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 business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.95%. Cheniere Energy’s payout ratio is 14.05%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen lifted their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Stifel Nicolaus increased their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.33.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by corporate insiders.

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.