Alerus Financial NA Has $2.80 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Alerus Financial NA trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,031 shares of the energy company's stock after selling 1,139 shares during the period. Alerus Financial NA's holdings in Cheniere Energy were worth $2,800,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in Cheniere Energy by 170.5% during the fourth 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 raised its holdings in Cheniere Energy by 373.1% during 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 in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the 4th quarter worth approximately $29,000. Adirondack Trust Co. acquired a new position in Cheniere Energy in the 4th quarter valued at $43,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

LNG stock traded down $1.28 during midday trading on Tuesday, reaching $230.12. 468,324 shares of the company's stock traded hands, compared to its average volume of 1,813,544. The company has a 50-day simple moving average of $223.12 and a two-hundred day simple moving average of $211.32. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The company has a market cap of $51.47 billion, a price-to-earnings ratio of 16.18 and a beta of 0.94.

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Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results 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. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. On average, analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio is 14.05%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LNG. Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. TD Cowen lifted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Mizuho increased their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $239.79.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on 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 sale, the director now directly 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 document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

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.