Chesapeake Capital Corp IL Has $308,000 Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Chesapeake Capital Corp IL cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 56.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,435 shares of the energy company's stock after selling 1,839 shares during the period. Chesapeake Capital Corp IL's holdings in Cheniere Energy were worth $308,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LNG. Victory Capital Management Inc. lifted its stake in Cheniere Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock worth $20,436,000 after purchasing an additional 2,768 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Cheniere Energy by 14.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,529 shares of the energy company's stock worth $815,000 after buying an additional 588 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Cheniere Energy by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 15,497 shares of the energy company's stock worth $2,787,000 after buying an additional 465 shares during the period. Natixis Advisors LLC boosted its stake in Cheniere Energy by 134.7% in the 3rd quarter. Natixis Advisors LLC now owns 67,907 shares of the energy company's stock valued at $12,212,000 after buying an additional 38,976 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Cheniere Energy by 89.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company's stock valued at $1,069,000 after acquiring an additional 2,808 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Stock Performance

NYSE:LNG traded down $2.99 during mid-day trading on Friday, hitting $227.24. 2,394,650 shares of the stock were exchanged, compared to its average volume of 1,747,428. 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's 50-day simple moving average is $225.03 and its 200 day simple moving average is $208.94. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion for 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%. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Analyst Ratings Changes

A number of research analysts have issued reports on LNG shares. 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. TD Cowen lifted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 27th. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Mizuho raised their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, Barclays boosted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $239.79.

About Cheniere Energy

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.