Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,186 shares of the energy company’s stock after selling 140 shares during the period. Wealthspire Advisors LLC’s holdings in Cheniere Energy were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LNG. Wellington Management Group LLP increased its position in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after buying an additional 1,789,919 shares during the period. Ninety One UK Ltd boosted its stake in Cheniere Energy by 1,400.7% during the fourth quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after buying an additional 1,409,116 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Cheniere Energy by 328.2% in the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock valued at $160,885,000 after purchasing an additional 685,662 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Cheniere Energy by 61.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after purchasing an additional 631,787 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company lifted their target price 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. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.75.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $219.85 on Friday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. 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 $223.89 and its two-hundred day moving average price is $204.69. The firm has a market capitalization of $49.17 billion, a PE ratio of 15.45 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates 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 expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.