Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,837 shares of the energy company’s stock after purchasing an additional 1,591 shares during the quarter. Fiduciary Trust Co’s holdings in Cheniere Energy were worth $2,758,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Miracle Mile Advisors LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $2,127,000. Fractal Investments LLC grew its position in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after acquiring an additional 14,000 shares during the period. Anderson Hoagland & Co. acquired a new stake in Cheniere Energy during the fourth quarter worth $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its position in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after purchasing an additional 8,756 shares during the period. Finally, Kathmere Capital Management LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $245,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNG has been the topic of several research analyst reports. Bank of America boosted their price objective on shares of Cheniere Energy from $254.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Morgan Stanley boosted their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. Finally, TD Cowen raised their price target on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.23.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Price Performance

LNG stock opened at $233.48 on Friday. Cheniere Energy, Inc. has a 1 year low of $153.03 and a 1 year high of $257.65. The firm has a market capitalization of $52.02 billion, a P/E 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 50-day moving average is $224.83 and its two-hundred day moving average is $219.78.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The firm’s revenue was up 28.0% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s 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.