SVB Wealth LLC Acquires New Position in Cheniere Energy, Inc. (NYSE:LNG)

SVB Wealth LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,354 shares of the energy company's stock, valued at approximately $291,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LNG. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy during the 3rd quarter worth approximately $28,000. Adirondack Trust Co. acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $43,000. City Holding Co. acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $50,000. Finally, Farther Finance Advisors LLC lifted its holdings in Cheniere Energy by 53.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company's stock worth $66,000 after buying an additional 128 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the firm'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 owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Barclays increased their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. StockNews.com upgraded shares of Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Scotiabank increased their price objective on shares of Cheniere Energy from $247.00 to $254.00 and gave the company a "sector outperform" rating in a research report on Thursday. Finally, Morgan Stanley increased their price objective on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $236.33.

Cheniere Energy Stock Up 2.4 %

Shares of NYSE LNG traded up $5.16 during mid-day trading on Friday, reaching $220.57. The company had a trading volume of 2,749,123 shares, compared to its average volume of 1,749,702. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50 day simple moving average of $225.15 and a two-hundred day simple moving average of $206.37. The stock has a market cap of $49.33 billion, a P/E ratio of 15.50 and a beta of 0.94. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, February 7th. Cheniere Energy's payout ratio is currently 14.05%.

Cheniere Energy 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.