Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 59.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,006 shares of the energy company’s stock after selling 19,149 shares during the period. Intech Investment Management LLC’s holdings in Cheniere Energy were worth $2,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of 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 period. WR Wealth Planners LLC raised its holdings in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after buying an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $29,000. Adirondack Trust Co. bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $46,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $227.29 on Thursday. The stock has a market capitalization of $50.84 billion, a P/E ratio of 15.97 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The business’s fifty day moving average is $224.88 and its two-hundred day moving average is $208.31. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

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

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Thursday, March 6th. Argus assumed coverage on Cheniere Energy in a report on Tuesday. They set a “buy” rating and a $255.00 price target on the stock. Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a report on Tuesday. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Stifel Nicolaus boosted their target price on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $239.79.

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.