Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,620,930 shares of the energy company's stock after selling 15,592 shares during the quarter. Geode Capital Management LLC owned about 1.61% of Cheniere Energy worth $776,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Cheniere Energy during the fourth quarter valued at about $629,197,000. Wellington Management Group LLP raised its stake in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Cheniere Energy by 1,400.7% during the fourth quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company's stock worth $324,393,000 after purchasing an additional 1,409,116 shares during the period. Two Sigma Advisers LP boosted its position in Cheniere Energy by 328.2% in the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company's stock valued at $160,885,000 after buying an additional 685,662 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock worth $357,638,000 after buying an additional 631,787 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

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Cheniere Energy Trading Up 0.8 %

NYSE:LNG traded up $1.62 during trading hours on Monday, hitting $198.87. The company had a trading volume of 1,994,239 shares, compared to its average volume of 1,835,114. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. 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 company has a 50-day moving average of $221.78 and a 200 day moving average of $212.44. The company has a market cap of $44.48 billion, a P/E ratio of 13.95 and a beta of 0.67.

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

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 annualized dividend and a dividend yield of 1.01%. Cheniere Energy's dividend payout ratio is currently 14.05%.

Analysts Set New Price Targets

Several research firms have recently commented on LNG. TD Cowen upped their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 27th. Argus assumed coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. Morgan Stanley lifted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group lifted their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and an average price target of $239.79.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

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.