Sit Investment Associates Inc. Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Sit Investment Associates Inc. lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,044 shares of the energy company's stock after selling 9,199 shares during the quarter. Sit Investment Associates Inc.'s holdings in Cheniere Energy were worth $13,331,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter worth about $327,000. Hilltop Holdings Inc. raised its holdings in shares of Cheniere Energy by 56.6% during the third quarter. Hilltop Holdings Inc. now owns 2,828 shares of the energy company's stock valued at $509,000 after acquiring an additional 1,022 shares during the period. HighTower Advisors LLC increased its holdings in shares of Cheniere Energy by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 159,519 shares of the energy company's stock valued at $28,670,000 after purchasing an additional 2,949 shares during the period. IHT Wealth Management LLC acquired a new position in Cheniere Energy in the 3rd quarter worth about $841,000. Finally, Redwood Investment Management LLC increased its holdings in Cheniere Energy by 4.2% in the third quarter. Redwood Investment Management LLC now owns 8,248 shares of the energy company's stock worth $1,482,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNG. UBS Group reiterated a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Argus assumed coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price on the stock. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Morgan Stanley increased their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $239.79.

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Cheniere Energy Trading Down 1.9 %

Shares of NYSE LNG traded down $4.03 during mid-day trading on Thursday, hitting $213.80. The stock had a trading volume of 1,551,989 shares, compared to its average volume of 1,868,566. The firm has a market cap of $47.82 billion, a P/E ratio of 14.95 and a beta of 0.67. The business has a 50 day moving average price of $220.05 and a two-hundred day moving average price of $212.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65.

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 for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.44 billion. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. Cheniere Energy's dividend payout ratio is presently 14.05%.

Insiders Place Their Bets

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 transaction of $1,975,590.00. Following the transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company's stock.

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.