Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 293,201 shares of the energy company's stock after purchasing an additional 62,338 shares during the quarter. LPL Financial LLC owned approximately 0.13% of Cheniere Energy worth $63,000,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its stake in Cheniere Energy by 170.5% in the fourth 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 in the last quarter. WR Wealth Planners LLC increased its holdings in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after acquiring an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy in the 4th quarter worth $29,000. Adirondack Trust Co. purchased a new stake in shares of Cheniere Energy during the 4th quarter worth $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in Cheniere Energy during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the 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 completion of the sale, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. UBS Group reiterated a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price for the company. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley raised their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $239.79.

Cheniere Energy Stock Performance

NYSE LNG traded up $5.18 during trading hours on Monday, reaching $231.41. The stock had a trading volume of 2,180,652 shares, compared to its average volume of 1,818,779. 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 quick ratio of 0.98 and a current ratio of 1.07. The stock has a market cap of $51.76 billion, a P/E ratio of 16.26 and a beta of 0.94. The stock has a fifty day moving average of $223.12 and a 200 day moving average of $211.32.

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, beating analysts' consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's payout ratio is 14.05%.

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.