Fmr LLC Decreases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Fmr LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 12.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,082,693 shares of the energy company’s stock after selling 884,529 shares during the quarter. Fmr LLC owned 2.71% of Cheniere Energy worth $1,306,988,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. WR Wealth Planners LLC lifted its stake in Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy during the fourth quarter valued at $29,000. Nemes Rush Group LLC increased its position in Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after buying an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. bought a new stake in shares of Cheniere Energy in the fourth quarter valued at $43,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LNG shares. Mizuho increased their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Morgan Stanley increased their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target on the stock. UBS Group reaffirmed a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $196.84 on Monday. The firm has a market capitalization of $44.03 billion, a P/E ratio of 13.83 and a beta of 0.67. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock’s 50-day simple moving average is $221.78 and its two-hundred day simple moving average is $212.44. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Insider Buying and Selling

In related 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 $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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.