Morningstar Investment Management LLC Sells 12,263 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Morningstar Investment Management LLC lessened its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,536 shares of the energy company's stock after selling 12,263 shares during the quarter. Morningstar Investment Management LLC's holdings in Cheniere Energy were worth $3,338,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC purchased a new position in Cheniere Energy during the 4th quarter valued at about $2,127,000. Fractal Investments LLC boosted its stake in shares of Cheniere Energy by 31.0% during the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after buying an additional 14,000 shares during the period. Anderson Hoagland & Co. purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $2,460,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock worth $7,812,000 after acquiring an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $4,455,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Stifel Nicolaus boosted their target price on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday. TD Cowen increased their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $235.75.

Cheniere Energy Stock Performance

NYSE:LNG traded down $6.02 during trading hours on Friday, hitting $220.90. 2,487,404 shares of the company traded hands, compared to its average volume of 2,424,408. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The firm has a 50-day moving average of $222.92 and a 200 day moving average of $203.27. The stock has a market capitalization of $49.56 billion, a price-to-earnings ratio of 14.11 and a beta of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, analysts forecast that Cheniere Energy, Inc. will post 12.77 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, February 7th. Cheniere Energy's payout ratio is presently 12.77%.

About Cheniere Energy

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.