Wells Fargo & Company MN Buys 14,362 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Wells Fargo & Company MN raised its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 738,397 shares of the energy company's stock after purchasing an additional 14,362 shares during the quarter. Wells Fargo & Company MN owned 0.33% of Cheniere Energy worth $158,659,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Prudential PLC grew its stake in Cheniere Energy by 9.4% during the fourth quarter. Prudential PLC now owns 55,771 shares of the energy company's stock worth $11,984,000 after buying an additional 4,783 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Cheniere Energy by 121.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 6,299 shares of the energy company's stock valued at $1,353,000 after purchasing an additional 3,450 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in Cheniere Energy by 8.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 1,248 shares of the energy company's stock worth $268,000 after purchasing an additional 100 shares during the period. World Investment Advisors increased its stake in Cheniere Energy by 115.0% in the fourth quarter. World Investment Advisors now owns 2,685 shares of the energy company's stock valued at $577,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Westpac Banking Corp acquired a new position in shares of Cheniere Energy during the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 87.26% of the company's stock.

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Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded up $3.51 on Friday, hitting $216.35. 884,354 shares of the company traded hands, compared to its average volume of 1,871,702. 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 stock has a market capitalization of $48.39 billion, a P/E ratio of 15.21 and a beta of 0.67. The business has a 50-day simple moving average of $219.71 and a 200 day simple moving average of $213.19. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share 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 return on equity of 37.19% and a net margin of 20.71%. Research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 annualized dividend and a yield of 0.92%. Cheniere Energy's dividend payout ratio (DPR) is currently 14.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Mizuho lifted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Argus initiated coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective for the company. Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley increased their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group increased their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.79.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.