Advisory Services Network LLC Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Advisory Services Network LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,940 shares of the energy company's stock after purchasing an additional 2,445 shares during the period. Advisory Services Network LLC's holdings in Cheniere Energy were worth $3,855,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter worth $333,000. Orion Portfolio Solutions LLC raised its position in Cheniere Energy by 3.5% during the third quarter. Orion Portfolio Solutions LLC now owns 14,062 shares of the energy company's stock valued at $2,529,000 after purchasing an additional 470 shares in the last quarter. MML Investors Services LLC lifted its stake in Cheniere Energy by 16.0% during the third quarter. MML Investors Services LLC now owns 48,124 shares of the energy company's stock worth $8,655,000 after purchasing an additional 6,640 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Cheniere Energy by 13.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 79,135 shares of the energy company's stock worth $14,232,000 after purchasing an additional 9,419 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of Cheniere Energy by 42.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,423 shares of the energy company's stock valued at $452,000 after purchasing an additional 720 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have issued reports on LNG shares. TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. The Goldman Sachs Group lifted their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Barclays increased their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $239.79.

Cheniere Energy Stock Up 1.9 %

Cheniere Energy stock traded up $4.29 during mid-day trading on Tuesday, reaching $225.94. The stock had a trading volume of 637,476 shares, compared to its average volume of 1,876,168. Cheniere Energy, Inc. has a one year low of $152.88 and a one year high of $257.65. The company has a 50-day moving average price of $219.38 and a two-hundred day moving average price of $214.02. The company has a market capitalization of $50.34 billion, a price-to-earnings ratio of 15.88 and a beta of 0.67. 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 - Get Free Report) last posted 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. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.44 billion. On average, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio is currently 14.05%.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company's stock.

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.