AMF Tjanstepension AB Sells 70,779 Shares of Cheniere Energy, Inc. (NYSE:LNG)

AMF Tjanstepension AB lowered its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 55.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,667 shares of the energy company's stock after selling 70,779 shares during the period. AMF Tjanstepension AB's holdings in Cheniere Energy were worth $12,395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $2,127,000. Fractal Investments LLC raised its position in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at about $2,460,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cheniere Energy by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after purchasing an additional 8,756 shares in the last quarter. Finally, Insight Wealth Strategies LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth about $4,455,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on LNG. Scotiabank lifted their target price on shares of Cheniere Energy from $247.00 to $254.00 and gave the stock a "sector outperform" rating in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 21st. TD Cowen boosted their price objective 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. UBS Group raised their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of "Moderate Buy" and an average price target of $236.33.

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Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy 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 completion of the sale, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company's stock.

Cheniere Energy Stock Up 2.4 %

NYSE LNG traded up $5.16 on Friday, hitting $220.57. 2,749,123 shares of the company were exchanged, compared to its average volume of 1,749,702. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market cap of $49.33 billion, a PE ratio of 15.50 and a beta of 0.94. The stock has a fifty day moving average of $225.15 and a 200-day moving average of $206.54. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data 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. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.44 billion. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued 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 dividend yield of 0.91%. Cheniere Energy's dividend payout ratio is 14.05%.

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.