Cannon Global Investment Management LLC Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cannon Global Investment Management LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 62.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,200 shares of the energy company's stock after buying an additional 2,000 shares during the period. Cheniere Energy comprises 2.4% of Cannon Global Investment Management LLC's portfolio, making the stock its 6th largest holding. Cannon Global Investment Management LLC's holdings in Cheniere Energy were worth $1,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB boosted its stake in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. WR Wealth Planners LLC increased its holdings in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after buying an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy in the 4th quarter worth about $29,000. Adirondack Trust Co. bought a new position in Cheniere Energy during the 4th quarter valued at about $43,000. Finally, SBI Securities Co. Ltd. bought a new position in Cheniere Energy during the 4th quarter valued at about $46,000. Institutional investors own 87.26% of the company's stock.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value 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 $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

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Cheniere Energy Price Performance

Shares of LNG stock traded down $0.63 on Friday, reaching $226.16. The company's stock had a trading volume of 1,330,610 shares, compared to its average volume of 1,817,330. The stock's fifty day simple moving average is $223.55 and its 200-day simple moving average is $210.47. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The company has a market capitalization of $50.58 billion, a price-to-earnings ratio of 15.89 and a beta of 0.94. 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 quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy's payout ratio is currently 14.05%.

Analyst Upgrades and Downgrades

LNG has been the subject of several research reports. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company increased their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. TD Cowen upped their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group raised their price objective 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 equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $239.79.

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.