Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,044 shares of the energy company’s stock after selling 9,199 shares during the quarter. Sit Investment Associates Inc.’s holdings in Cheniere Energy were worth $13,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in Cheniere Energy in the third quarter valued at $327,000. Hilltop Holdings Inc. boosted its holdings in Cheniere Energy by 56.6% during 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. HighTower Advisors LLC grew its position in Cheniere Energy by 1.9% during the third quarter. HighTower Advisors LLC now owns 159,519 shares of the energy company’s stock worth $28,670,000 after buying an additional 2,949 shares during the period. IHT Wealth Management LLC purchased a new position in Cheniere Energy in the third quarter valued at about $841,000. Finally, Redwood Investment Management LLC lifted its position in shares of Cheniere Energy by 4.2% during the 3rd quarter. Redwood Investment Management LLC now owns 8,248 shares of the energy company’s stock valued at $1,482,000 after acquiring an additional 330 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by insiders.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $196.84 on Friday. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 13.83 and a beta of 0.94. The business has a 50 day simple moving average of $221.78 and a 200 day simple moving average of $212.00. 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 (NYSE:LNG) last released 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 business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LNG shares. UBS Group reissued a “buy” rating and issued a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Argus assumed coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price objective on the stock. Finally, Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $239.79.

About Cheniere Energy

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.