Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 92.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,331 shares of the energy company's stock after selling 346,241 shares during the quarter. Prudential Financial Inc.'s holdings in Cheniere Energy were worth $6,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC lifted its position in shares of Cheniere Energy by 62.5% in the fourth quarter. Cannon Global Investment Management LLC now owns 5,200 shares of the energy company's stock valued at $1,117,000 after acquiring an additional 2,000 shares in the last quarter. LPL Financial LLC increased its position in Cheniere Energy by 27.0% during the fourth quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock valued at $63,000,000 after acquiring an additional 62,338 shares during the last quarter. Blueprint Investment Partners LLC purchased a new stake in Cheniere Energy in the 4th quarter worth about $202,000. Mosley Wealth Management lifted its position in shares of Cheniere Energy by 3.9% during the fourth quarter. Mosley Wealth Management now owns 2,450 shares of the energy company's stock worth $559,000 after purchasing an additional 92 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its stake in shares of Cheniere Energy by 85.1% during the fourth quarter. Fox Run Management L.L.C. now owns 9,923 shares of the energy company's stock valued at $2,132,000 after acquiring an additional 4,561 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

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Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction 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 directly owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Stock Up 1.7 %

NYSE:LNG traded up $4.00 during trading hours on Wednesday, hitting $234.95. The stock had a trading volume of 1,398,398 shares, compared to its average volume of 1,815,862. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The business has a 50 day simple moving average of $222.74 and a two-hundred day simple moving average of $211.68. The company has a market cap of $52.55 billion, a PE ratio of 16.51 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently declared 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 0.85%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio is currently 14.05%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LNG shares. Wells Fargo & Company raised their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock 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 set a "buy" rating and a $255.00 price target for the company. TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. UBS Group reaffirmed a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $239.79.

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.