Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,906 shares of the energy company's stock after selling 3,229 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Cheniere Energy were worth $16,310,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LNG. Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock valued at $99,000 after acquiring an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock valued at $503,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock worth $719,000 after purchasing an additional 55 shares during the period. Parallel Advisors LLC grew its holdings in shares of Cheniere Energy by 0.8% during the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company's stock worth $1,513,000 after purchasing an additional 59 shares during the period. Finally, Hourglass Capital LLC increased its position in Cheniere Energy by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company's stock worth $2,353,000 after purchasing an additional 60 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of research analysts have weighed in on LNG shares. 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. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Morgan Stanley increased their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $239.79.

Cheniere Energy Stock Down 0.3 %

Shares of Cheniere Energy stock traded down $0.80 on Tuesday, hitting $230.60. 1,450,443 shares of the company's stock traded hands, compared to its average volume of 1,817,320. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $51.58 billion, a P/E ratio of 16.20 and a beta of 0.94. The firm's 50-day moving average is $223.12 and its 200 day moving average is $211.32.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Equities analysts anticipate 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 0.87%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio is currently 14.05%.

Insider Buying and Selling at Cheniere Energy

In other 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 completion of the sale, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by 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.