Stock Yards Bank & Trust Co. Invests $208,000 in Cheniere Energy, Inc. (NYSE:LNG)

Stock Yards Bank & Trust Co. purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,217 shares of the energy company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 5.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock valued at $672,559,000 after buying an additional 220,802 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Cheniere Energy by 3.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock valued at $332,886,000 after buying an additional 64,297 shares during the period. Northern Trust Corp lifted its holdings in shares of Cheniere Energy by 5.1% in the third quarter. Northern Trust Corp now owns 1,667,834 shares of the energy company’s stock valued at $276,794,000 after buying an additional 80,399 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Cheniere Energy by 73.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after buying an additional 631,100 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Cheniere Energy by 35.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after buying an additional 367,275 shares during the period. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. UBS Group lowered their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays increased their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. TD Cowen lowered their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Finally, Redburn Atlantic assumed coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Stock Down 1.0 %

LNG opened at $157.36 on Thursday. The firm has a market cap of $36.30 billion, a price-to-earnings ratio of 3.89 and a beta of 0.94. The firm has a 50 day simple moving average of $157.95. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the firm posted $15.78 EPS. The company’s revenue was down 46.9% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s payout ratio is presently 4.30%.

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.