Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lowered its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,240 shares of the energy company's stock after selling 3,099 shares during the quarter. Cibc World Markets Corp's holdings in Cheniere Energy were worth $2,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its position in shares of Cheniere Energy by 170.5% in 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 in the last quarter. WR Wealth Planners LLC increased its stake in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the 4th quarter worth approximately $29,000. Adirondack Trust Co. purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $43,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $46,000. Institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LNG. Morgan Stanley upped their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. 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. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. TD Cowen boosted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $239.79.

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Cheniere Energy Stock Down 0.7 %

NYSE LNG traded down $1.74 on Tuesday, reaching $231.85. 1,769,906 shares of the stock traded hands, compared to its average volume of 1,746,549. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65. The company has a fifty day moving average price of $225.11 and a 200-day moving average price of $209.50. The company has a market cap of $51.86 billion, a price-to-earnings ratio of 16.29 and a beta of 0.94. 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 (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Friday, February 7th. Cheniere Energy's payout ratio is presently 14.05%.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares of the company's stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.