Envestnet Asset Management Inc. Has $74.15 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Envestnet Asset Management Inc. increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,094 shares of the energy company's stock after purchasing an additional 34,055 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of Cheniere Energy worth $74,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LNG. MassMutual Private Wealth & Trust FSB increased its holdings in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after purchasing an additional 75 shares in the last quarter. WR Wealth Planners LLC grew its holdings in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after buying an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy during the fourth quarter worth about $29,000. Nemes Rush Group LLC raised its position in Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after buying an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. bought a new stake in Cheniere Energy in the 4th quarter valued at approximately $43,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded up $7.39 during midday trading on Friday, hitting $220.23. 2,731,654 shares of the company's stock were exchanged, compared to its average volume of 1,881,872. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $49.26 billion, a PE ratio of 15.48 and a beta of 0.67. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65. The company's 50 day moving average price is $219.56 and its 200 day moving average price is $213.47.

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Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion during 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, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share 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. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Cheniere Energy's dividend payout ratio (DPR) is currently 14.05%.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents 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 accessible through this link. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LNG. The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Morgan Stanley lifted 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. TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Stifel Nicolaus raised their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Mizuho upped their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.