Prudential PLC Raises Stake in Cheniere Energy, Inc. (NYSE:LNG)

Prudential PLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,771 shares of the energy company's stock after buying an additional 4,783 shares during the quarter. Prudential PLC's holdings in Cheniere Energy were worth $11,984,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after acquiring an additional 75 shares during the last quarter. WR Wealth Planners LLC grew its position in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $29,000. Nemes Rush Group LLC raised its holdings in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after buying an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Buying and Selling at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. StockNews.com raised Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Stifel Nicolaus increased their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Argus assumed coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective on the stock. Finally, TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and an average price target of $239.79.

Cheniere Energy Price Performance

Shares of LNG traded down $7.06 on Thursday, reaching $210.77. The stock had a trading volume of 1,317,627 shares, compared to its average volume of 1,867,615. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The firm has a market capitalization of $47.14 billion, a PE ratio of 14.84 and a beta of 0.67. The firm has a 50-day moving average of $220.05 and a 200 day moving average of $212.97. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion for 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%. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

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.