Cerity Partners LLC Sells 1,401 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Cerity Partners LLC trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 97,437 shares of the energy company’s stock after selling 1,401 shares during the period. Cerity Partners LLC’s holdings in Cheniere Energy were worth $20,459,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in Cheniere Energy in the 4th quarter valued at $69,000. Federated Hermes Inc. lifted its holdings in shares of Cheniere Energy by 69.9% during the fourth quarter. Federated Hermes Inc. now owns 622,446 shares of the energy company’s stock valued at $133,741,000 after acquiring an additional 256,009 shares during the period. Titleist Asset Management LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at $700,000. Atika Capital Management LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $6,231,000. Finally, Wedbush Securities Inc. increased its position in shares of Cheniere Energy by 4.8% during the 4th quarter. Wedbush Securities Inc. now owns 3,963 shares of the energy company’s stock worth $851,000 after purchasing an additional 181 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Insider Activity at Cheniere Energy

In other 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 completion of the transaction, the director now directly 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 available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent analyst reports. 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 research report on Friday, February 21st. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Thursday, March 6th. Barclays raised their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group reissued a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $204.18 on Wednesday. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The company’s 50-day moving average is $220.41 and its two-hundred day moving average is $212.69. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market cap of $45.67 billion, a PE ratio of 14.35 and a beta of 0.67.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

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.