Aviva PLC Sells 16,295 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Aviva PLC lessened its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 278,235 shares of the energy company's stock after selling 16,295 shares during the period. Aviva PLC owned about 0.12% of Cheniere Energy worth $59,784,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LNG. KCM Investment Advisors LLC bought a new position in Cheniere Energy during the 4th quarter valued at about $213,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $14,687,000. Wells Fargo & Company MN raised its stake in shares of Cheniere Energy by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 738,397 shares of the energy company's stock valued at $158,659,000 after acquiring an additional 14,362 shares during the last quarter. Prudential PLC boosted its holdings in shares of Cheniere Energy by 9.4% in the 4th quarter. Prudential PLC now owns 55,771 shares of the energy company's stock worth $11,984,000 after acquiring an additional 4,783 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in Cheniere Energy by 121.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 6,299 shares of the energy company's stock worth $1,353,000 after acquiring an additional 3,450 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, TD Cowen increased their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $239.79.

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Cheniere Energy Trading Up 1.7 %

NYSE:LNG traded up $3.63 on Friday, reaching $216.47. The company's stock had a trading volume of 884,354 shares, compared to its average volume of 1,871,702. The firm has a market cap of $48.42 billion, a PE ratio of 15.21 and a beta of 0.67. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business's 50-day moving average price is $219.71 and its two-hundred day moving average price is $213.19. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65.

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

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's payout ratio is presently 14.05%.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the firm's 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 completion of the transaction, the director now directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.29% of the company's stock.

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.