Cheniere Energy, Inc. $LNG Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 93.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,778 shares of the energy company’s stock after selling 26,625 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Cheniere Energy were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altman Advisors Inc. lifted its stake in Cheniere Energy by 0.4% during the second quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after purchasing an additional 44 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Cheniere Energy by 1.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock worth $768,000 after buying an additional 47 shares during the period. Childress Capital Advisors LLC boosted its stake in Cheniere Energy by 0.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock worth $1,265,000 after purchasing an additional 47 shares during the period. Bailard Inc. increased its stake in shares of Cheniere Energy by 0.7% in the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after acquiring an additional 49 shares during the last quarter. Finally, Titleist Asset Management LLC boosted its stake in shares of Cheniere Energy by 1.5% during the 2nd quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock worth $806,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America decreased their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Jefferies Financial Group set a $251.00 price target on shares of Cheniere Energy in a research note on Sunday. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.29.

Cheniere Energy Trading Up 0.2%

NYSE LNG opened at $206.86 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average price of $199.30 and a 200-day moving average price of $218.77. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42. The company has a market cap of $44.52 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 6.67 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $2.75 by $2.00. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.93 EPS. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director W Benjamin Moreland purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.