Bank of Montreal Can Trims Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Bank of Montreal Can lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,184 shares of the energy company's stock after selling 240,502 shares during the quarter. Bank of Montreal Can owned approximately 0.09% of Cheniere Energy worth $41,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. Massachusetts Financial Services Co. MA lifted its position in shares of Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after acquiring an additional 379,142 shares in the last quarter. Norges Bank purchased a new stake in Cheniere Energy during the 4th quarter worth about $629,197,000. Amundi boosted its position in shares of Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after acquiring an additional 448,189 shares during the period. TD Asset Management Inc. increased its holdings in Cheniere Energy by 5.2% during the 4th quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company's stock worth $395,788,000 after acquiring an additional 91,554 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock valued at $357,638,000 after purchasing an additional 631,787 shares during the period. 87.26% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the 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 sale, the director now directly owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.29% of the company's stock.

Cheniere Energy Price Performance

LNG traded up $5.50 during trading hours on Tuesday, hitting $227.15. The company's stock had a trading volume of 1,028,408 shares, compared to its average volume of 1,877,911. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65. The stock has a market cap of $50.61 billion, a price-to-earnings ratio of 15.98 and a beta of 0.67. The business's 50-day moving average price is $219.38 and its 200-day moving average price is $214.02. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

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 (EPS) for the quarter, beating 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%. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share 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 issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy's dividend payout ratio is presently 14.05%.

Analysts Set New Price Targets

LNG has been the subject of several research analyst reports. Morgan Stanley lifted their target price 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. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Mizuho boosted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group reiterated a "buy" rating and set a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $239.79.

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.