Sei Investments Co. Sells 10,578 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Sei Investments Co. reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,578 shares of the energy company's stock after selling 10,578 shares during the quarter. Sei Investments Co. owned about 0.06% of Cheniere Energy worth $30,196,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB lifted 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 acquiring an additional 75 shares during the period. WR Wealth Planners LLC raised its holdings in 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 purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy in the 4th quarter worth about $29,000. Adirondack Trust Co. purchased a new stake in shares of Cheniere Energy in the 4th quarter worth about $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $46,000. 87.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. Mizuho raised their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. UBS Group restated a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Argus assumed coverage on Cheniere Energy in a report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $239.79.

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Cheniere Energy Stock Down 1.3 %

Cheniere Energy stock traded down $2.87 during trading hours on Friday, hitting $223.92. The stock had a trading volume of 520,958 shares, compared to its average volume of 1,814,577. The stock's 50-day moving average price is $224.08 and its 200-day moving average price is $210.14. The stock has a market capitalization of $50.08 billion, a P/E ratio of 15.74 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-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 quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's payout ratio is currently 14.05%.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction 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 transaction, the director now directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by insiders.

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.