CIBC Private Wealth Group LLC Has $286.36 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

CIBC Private Wealth Group LLC reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,271,644 shares of the energy company's stock after selling 165,562 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.57% of Cheniere Energy worth $286,362,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after purchasing an additional 2,776,920 shares in the last quarter. Norges Bank acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $629,197,000. Amundi boosted its holdings in shares of Cheniere Energy by 19.9% in the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after buying an additional 448,189 shares in the last quarter. TD Asset Management Inc. grew its position in shares of Cheniere Energy by 5.2% in the 4th quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company's stock valued at $395,788,000 after buying an additional 91,554 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cheniere Energy by 11.0% during the 3rd 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 acquiring an additional 178,318 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

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Cheniere Energy Stock Down 0.3 %

LNG traded down $0.80 during midday trading on Tuesday, hitting $230.60. 1,450,443 shares of the company's stock traded hands, compared to its average volume of 1,817,525. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a one year low of $152.88 and a one year high of $257.65. The stock's fifty day simple moving average is $223.12 and its 200-day simple moving average is $211.32. The company has a market cap of $51.58 billion, a PE ratio of 16.20 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results 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 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced 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 0.87%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's payout ratio is currently 14.05%.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Mizuho raised 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. TD Cowen lifted their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Stifel Nicolaus upped their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group reaffirmed a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.