Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 70,148 shares of the energy company’s stock after selling 2,769 shares during the quarter. Cetera Investment Advisers’ holdings in Cheniere Energy were worth $15,073,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after buying an additional 46 shares during the period. BIP Wealth LLC lifted its position in Cheniere Energy by 1.4% in the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company’s stock valued at $762,000 after buying an additional 50 shares during the last quarter. Larson Financial Group LLC boosted its stake in Cheniere Energy by 1.7% during the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock worth $719,000 after buying an additional 55 shares during the period. Finally, American Money Management LLC increased its position in shares of Cheniere Energy by 0.5% during the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock valued at $2,361,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $233.48 on Friday. The firm has a market capitalization of $52.02 billion, a PE ratio of 16.41 and a beta of 0.41. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business’s fifty day moving average price is $224.83 and its 200 day moving average price is $219.78. Cheniere Energy, Inc. has a 12 month low of $153.03 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Cheniere Energy’s revenue was up 28.0% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Scotiabank lowered their price target on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus decreased their target price on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley lifted their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Argus initiated coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.23.

Cheniere Energy Company 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.