Alliancebernstein L.P. Buys 232,028 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Alliancebernstein L.P. increased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 783,261 shares of the energy company's stock after purchasing an additional 232,028 shares during the quarter. Alliancebernstein L.P. owned approximately 0.35% of Cheniere Energy worth $168,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after buying an additional 75 shares during the period. WR Wealth Planners LLC boosted its stake in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the fourth quarter worth about $29,000. Adirondack Trust Co. bought a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $43,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $46,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

NYSE LNG traded down $23.23 during trading hours on Friday, reaching $196.84. The company's stock had a trading volume of 4,977,313 shares, compared to its average volume of 1,834,072. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The firm's 50-day moving average price is $221.78 and its 200-day moving average price is $212.22. The company has a market capitalization of $44.03 billion, a price-to-earnings ratio of 13.83 and a beta of 0.67.

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Cheniere Energy (NYSE:LNG - Get Free Report) last issued its 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. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. 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 1.02%. Cheniere Energy's payout ratio is 14.05%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. TD Cowen lifted their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Argus started coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price for the company. Morgan Stanley increased their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $239.79.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction that occurred on 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 owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.29% of the company's stock.

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.