Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,927 shares of the energy company’s stock after selling 279 shares during the quarter. Cheniere Energy makes up 1.1% of WealthTrust Asset Management LLC’s holdings, making the stock its 23rd largest holding. WealthTrust Asset Management LLC’s holdings in Cheniere Energy were worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Glenview Trust co grew its holdings in shares of Cheniere Energy by 5.2% in the 4th quarter. Glenview Trust co now owns 3,154 shares of the energy company’s stock worth $678,000 after acquiring an additional 156 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Cheniere Energy by 2.6% in the 4th quarter. Corient Private Wealth LLC now owns 48,098 shares of the energy company’s stock worth $10,335,000 after acquiring an additional 1,208 shares during the last quarter. Ninepoint Partners LP boosted its position in shares of Cheniere Energy by 18.6% in the fourth quarter. Ninepoint Partners LP now owns 6,753 shares of the energy company’s stock worth $1,451,000 after buying an additional 1,057 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Cheniere Energy by 9.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,019 shares of the energy company’s stock worth $1,293,000 after buying an additional 519 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of Cheniere Energy by 22.0% in the fourth quarter. Natixis Advisors LLC now owns 82,835 shares of the energy company’s stock worth $17,799,000 after buying an additional 14,928 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $218.61 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The business has a 50-day moving average of $224.85 and a two-hundred day moving average of $207.45. The stock has a market capitalization of $48.90 billion, a P/E ratio of 15.36 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

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

Cheniere Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on LNG shares. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen raised their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley lifted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $236.33.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

About Cheniere Energy

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.