Farmers Trust Co. Sells 2,233 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Farmers Trust Co. cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,051 shares of the energy company's stock after selling 2,233 shares during the period. Cheniere Energy accounts for about 1.2% of Farmers Trust Co.'s investment portfolio, making the stock its 19th largest position. Farmers Trust Co.'s holdings in Cheniere Energy were worth $6,672,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Insight Wealth Strategies LLC bought a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $4,455,000. Continuum Advisory LLC raised its position in shares of Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company's stock valued at $2,323,000 after purchasing an additional 3,828 shares during the period. Jennison Associates LLC lifted its stake in shares of Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock worth $238,173,000 after buying an additional 37,729 shares during the last quarter. M&G PLC lifted its stake in shares of Cheniere Energy by 21.0% in the third quarter. M&G PLC now owns 268,834 shares of the energy company's stock worth $48,390,000 after buying an additional 46,602 shares during the last quarter. Finally, Nwam LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter worth $2,747,000. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of LNG stock traded up $1.65 during mid-day trading on Wednesday, reaching $225.16. The company's stock had a trading volume of 1,373,056 shares, compared to its average volume of 1,490,258. 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 moving average is $213.57 and its two-hundred day moving average is $192.17. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $228.10. The company has a market cap of $50.52 billion, a P/E ratio of 14.38 and a beta of 0.99.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter last year, the company earned $2.37 earnings per share. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.89%. Cheniere Energy's dividend payout ratio is currently 12.77%.

Analyst Ratings Changes

LNG has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $225.00.

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.