Gemmer Asset Management LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Gemmer Asset Management LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,042 shares of the energy company's stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Cheniere Energy by 170.5% in the 4th 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 during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy in the third quarter worth $27,000. Capital Performance Advisors LLP bought a new position in Cheniere Energy in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at $30,000. Finally, City Holding Co. bought a new stake in shares of Cheniere Energy during the 4th quarter worth $50,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Scotiabank started coverage on Cheniere Energy in a report on Friday, January 10th. They set a "sector outperform" rating and a $242.00 price objective for the company. TD Cowen upped their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $231.18.

Cheniere Energy Price Performance

Shares of NYSE LNG traded down $0.96 during midday trading on Monday, hitting $252.70. 2,454,749 shares of the company's stock were exchanged, compared to its average volume of 1,232,545. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The business's fifty day moving average price is $219.76 and its two-hundred day moving average price is $195.63. The company has a market cap of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The company's revenue was down 9.5% compared to the same quarter last year. As a group, research analysts forecast that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.79%. Cheniere Energy's payout ratio is 12.77%.

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.