M&T Bank Corp Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

M&T Bank Corp boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,838 shares of the energy company's stock after purchasing an additional 1,170 shares during the period. M&T Bank Corp's holdings in Cheniere Energy were worth $4,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LNG. MassMutual Private Wealth & Trust FSB raised its stake 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 buying an additional 75 shares during the period. WR Wealth Planners LLC raised its stake in shares of Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after buying an additional 97 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at $28,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $29,000. Finally, Adirondack Trust Co. purchased a new position in Cheniere Energy during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

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Cheniere Energy Stock Up 2.4 %

NYSE:LNG traded up $5.16 during trading hours on Friday, reaching $220.57. The company's stock had a trading volume of 2,749,123 shares, compared to its average volume of 1,749,702. The company has a market capitalization of $49.33 billion, a P/E ratio of 15.50 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month 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. The stock has a 50 day moving average price of $225.15 and a two-hundred day moving average price of $206.37.

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

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's payout ratio is 14.05%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LNG. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. 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 target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Scotiabank increased their target price on Cheniere Energy from $247.00 to $254.00 and gave the company a "sector outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus target price of $236.33.

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.