Russell Investments Group Ltd. Sells 117,241 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Russell Investments Group Ltd. cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 709,409 shares of the energy company's stock after selling 117,241 shares during the period. Russell Investments Group Ltd. owned approximately 0.32% of Cheniere Energy worth $152,411,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock worth $99,000 after buying an additional 43 shares during the period. Flagship Harbor Advisors LLC raised its holdings in shares of Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock valued at $503,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC lifted its position in shares of Cheniere Energy by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after acquiring an additional 55 shares in the last quarter. American Money Management LLC boosted its stake in Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock worth $2,361,000 after purchasing an additional 55 shares during the period. Finally, Parallel Advisors LLC grew its position in 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 in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley increased their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Barclays raised their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Stifel Nicolaus raised their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, TD Cowen upped their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $239.79.

Cheniere Energy Stock Down 2.0 %

Shares of NYSE:LNG traded down $4.28 on Thursday, reaching $213.55. The company had a trading volume of 1,551,989 shares, compared to its average volume of 1,868,608. The stock has a market capitalization of $47.76 billion, a P/E ratio of 14.95 and a beta of 0.67. The stock has a 50-day moving average price of $220.05 and a 200 day moving average price of $212.97. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month 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.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the 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 completion of the sale, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

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.