Brandywine Global Investment Management LLC Sells 11,194 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Brandywine Global Investment Management LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 138,855 shares of the energy company's stock after selling 11,194 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Cheniere Energy worth $29,836,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after acquiring an additional 75 shares during the period. WR Wealth Planners LLC raised its stake in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the 4th quarter valued at $29,000. Adirondack Trust Co. acquired a new stake in Cheniere Energy in the 4th quarter worth $43,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Cheniere Energy in the 4th quarter worth $46,000. Institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LNG. Mizuho lifted their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Stifel Nicolaus raised their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.79.

Remove Ads

Cheniere Energy Trading Down 0.3 %

LNG traded down $0.80 during mid-day trading on Tuesday, reaching $230.60. The stock had a trading volume of 1,450,443 shares, compared to its average volume of 1,817,525. The firm's fifty day simple moving average is $222.74 and its two-hundred day simple moving average is $211.68. The stock has a market capitalization of $51.58 billion, a P/E ratio of 16.20 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. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

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

Cheniere Energy Dividend Announcement

The firm also recently declared 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. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio is 14.05%.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction 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 completion of the sale, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by 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.