Heritage Trust Co Invests $1.36 Million in Cheniere Energy, Inc. (NYSE:LNG)

Heritage Trust Co bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,350 shares of the energy company's stock, valued at approximately $1,364,000.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on LNG shares. Stifel Nicolaus upped their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Argus began coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective on the stock. Morgan Stanley lifted their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group upped their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and a consensus target price of $239.79.

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Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded up $5.48 during mid-day trading on Tuesday, reaching $227.13. 1,749,317 shares of the company traded hands, compared to its average volume of 1,881,570. The company's 50 day moving average price is $219.38 and its 200-day moving average price is $214.02. The firm has a market cap of $50.61 billion, a PE ratio of 15.96 and a beta of 0.67. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio is currently 14.05%.

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.