Cerity Partners LLC Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cerity Partners LLC lowered its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,437 shares of the energy company's stock after selling 1,401 shares during the period. Cerity Partners LLC's holdings in Cheniere Energy were worth $20,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Quantinno Capital Management LP grew its position in Cheniere Energy by 26.8% in the 3rd quarter. Quantinno Capital Management LP now owns 14,800 shares of the energy company's stock valued at $2,662,000 after acquiring an additional 3,124 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Cheniere Energy in the 3rd quarter worth about $333,000. iA Global Asset Management Inc. bought a new stake in Cheniere Energy during the 3rd quarter valued at about $868,000. Orion Portfolio Solutions LLC grew its stake in Cheniere Energy by 3.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,062 shares of the energy company's stock worth $2,529,000 after acquiring an additional 470 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of Cheniere Energy by 16.0% during the third quarter. MML Investors Services LLC now owns 48,124 shares of the energy company's stock worth $8,655,000 after acquiring an additional 6,640 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

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Cheniere Energy Stock Performance

Shares of NYSE LNG traded down $0.21 during mid-day trading on Monday, hitting $220.10. The stock had a trading volume of 364,326 shares, compared to its average volume of 1,876,089. The company has a 50 day moving average of $219.56 and a two-hundred day moving average of $213.72. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve 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 firm has a market cap of $49.23 billion, a PE ratio of 15.47 and a beta of 0.67.

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

Cheniere Energy Dividend Announcement

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

Analysts Set New Price Targets

LNG has been the topic of several research reports. TD Cowen raised their price objective on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company upped 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. Mizuho raised their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group reissued a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.