Norris Perne & French LLP MI Sells 3,226 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Norris Perne & French LLP MI trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,874 shares of the energy company’s stock after selling 3,226 shares during the period. Cheniere Energy accounts for about 3.1% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 5th biggest holding. Norris Perne & French LLP MI owned approximately 0.09% of Cheniere Energy worth $42,947,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cheniere Energy during the 3rd quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Cheniere Energy in the third quarter valued at about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy in the second quarter valued at about $30,000. Finally, Adirondack Trust Co. bought a new stake in shares of Cheniere Energy in the fourth quarter worth about $43,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE:LNG opened at $230.35 on Friday. The firm has a fifty day simple moving average of $223.02 and a 200 day simple moving average of $198.82. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The stock has a market capitalization of $51.68 billion, a PE ratio of 14.71 and a beta of 0.99. 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 issued its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 EPS. On average, research analysts expect that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analyst Weigh In

LNG has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Scotiabank raised their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Barclays upped their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus price target of $232.36.

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.