Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,644 shares of the energy company's stock after selling 14,319 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Cheniere Energy worth $30,865,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew 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 purchasing an additional 75 shares in the last quarter. WR Wealth Planners LLC lifted 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 worth $26,000 after buying an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy during the 4th quarter worth $29,000. Adirondack Trust Co. purchased a new position in shares of Cheniere Energy during the fourth quarter valued at $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cheniere Energy in the fourth quarter valued at about $46,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

LNG traded down $0.80 on Tuesday, reaching $230.60. 1,450,443 shares of the company's stock were exchanged, compared to its average volume of 1,817,525. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The stock has a market cap of $51.58 billion, a PE ratio of 16.20 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock's fifty day moving average price is $222.74 and its 200-day moving average price is $211.68.

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Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Cheniere Energy's dividend payout ratio is presently 14.05%.

Analyst Ratings Changes

Several research analysts have issued reports on LNG shares. Barclays increased their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Mizuho lifted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Stifel Nicolaus upped 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, 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. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of "Moderate Buy" and an average target price of $239.79.

Insider Activity

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company's stock.

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.