Intech Investment Management LLC Has $2.80 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Intech Investment Management LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 59.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,006 shares of the energy company's stock after selling 19,149 shares during the period. Intech Investment Management LLC's holdings in Cheniere Energy were worth $2,795,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $26,000 after buying an additional 75 shares during the last quarter. WR Wealth Planners LLC raised its position in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after acquiring an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy during the 4th quarter worth approximately $29,000. Adirondack Trust Co. acquired a new position in Cheniere Energy during the fourth quarter valued at approximately $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at $46,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE:LNG traded up $6.98 on Monday, hitting $233.81. The company's stock had a trading volume of 1,550,645 shares, compared to its average volume of 1,746,641. 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, Inc. has a one year low of $152.88 and a one year high of $257.65. The stock has a fifty day moving average of $225.03 and a two-hundred day moving average of $209.13. The firm has a market capitalization of $52.30 billion, a P/E ratio of 16.43 and a beta of 0.94.

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Cheniere Energy (NYSE:LNG - Get Free Report) last released 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 firm 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%. Research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business 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. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.86%. Cheniere Energy's dividend payout ratio is currently 14.05%.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Stifel Nicolaus lifted their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective for the company. Mizuho increased their price objective on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, UBS Group reaffirmed a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.