Rhumbline Advisers Has $69.43 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Rhumbline Advisers reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,140 shares of the energy company's stock after selling 9,478 shares during the quarter. Rhumbline Advisers owned 0.14% of Cheniere Energy worth $69,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock worth $978,047,000 after purchasing an additional 167,575 shares during the last quarter. Wellington Management Group LLP increased its position in Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after acquiring an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock worth $673,927,000 after acquiring an additional 1,789,919 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cheniere Energy by 11.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company's stock worth $322,631,000 after purchasing an additional 178,318 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock valued at $357,638,000 after purchasing an additional 631,787 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on LNG shares. UBS Group increased their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Barclays upped their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective 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. Finally, TD Cowen increased their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $234.25.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded up $7.99 during trading hours on Thursday, reaching $226.80. 3,633,140 shares of the stock were exchanged, compared to its average volume of 2,422,458. 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's fifty day simple moving average is $222.68 and its 200 day simple moving average is $203.10. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The firm has a market capitalization of $50.89 billion, a price-to-earnings ratio of 14.48 and a beta of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Sell-side analysts predict that Cheniere Energy, Inc. will post 12.77 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, February 7th. Cheniere Energy's dividend payout ratio is currently 12.77%.

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.