Fmr LLC Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

FMR LLC lessened its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,082,693 shares of the energy company's stock after selling 884,529 shares during the quarter. FMR LLC owned 2.71% of Cheniere Energy worth $1,306,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of Cheniere Energy in the 4th quarter worth $69,000. Federated Hermes Inc. increased its holdings in Cheniere Energy by 69.9% in the 4th quarter. Federated Hermes Inc. now owns 622,446 shares of the energy company's stock worth $133,741,000 after buying an additional 256,009 shares in the last quarter. Titleist Asset Management LLC purchased a new position in Cheniere Energy in the 4th quarter worth about $700,000. Atika Capital Management LLC bought a new position in Cheniere Energy during the 4th quarter valued at about $6,231,000. Finally, Wedbush Securities Inc. boosted its holdings in shares of Cheniere Energy by 4.8% during the 4th quarter. Wedbush Securities Inc. now owns 3,963 shares of the energy company's stock valued at $851,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Thursday, March 6th. UBS Group reissued a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $239.79.

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Cheniere Energy Price Performance

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

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.44 billion. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued 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 is currently 14.05%.

Insiders Place Their Bets

In other 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 value of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Cheniere Energy 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.