TCTC Holdings LLC Sells 1,387 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TCTC Holdings LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 35.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,495 shares of the energy company's stock after selling 1,387 shares during the quarter. TCTC Holdings LLC's holdings in Cheniere Energy were worth $536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. boosted its position in shares of Cheniere Energy by 7.4% in the 3rd quarter. Harbour Investments Inc. now owns 1,194 shares of the energy company's stock valued at $215,000 after purchasing an additional 82 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Cheniere Energy in the third quarter worth approximately $851,000. Victory Capital Management Inc. raised its holdings in shares of Cheniere Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock valued at $20,436,000 after acquiring an additional 2,768 shares during the period. Huntington National Bank lifted its position in shares of Cheniere Energy by 2.6% in the 3rd quarter. Huntington National Bank now owns 3,571 shares of the energy company's stock valued at $642,000 after acquiring an additional 89 shares in the last quarter. Finally, KBC Group NV boosted its stake in Cheniere Energy by 0.8% in the 3rd quarter. KBC Group NV now owns 69,900 shares of the energy company's stock worth $12,571,000 after purchasing an additional 560 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

LNG has been the topic of several recent analyst reports. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. The Goldman Sachs Group increased their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. TD Cowen lifted their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Morgan Stanley increased their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Argus started coverage on shares of Cheniere Energy in a report on Tuesday. They set a "buy" rating and a $255.00 price target for the company. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $239.79.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction on 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 approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.29% of the company's stock.

Cheniere Energy Stock Down 1.3 %

NYSE:LNG traded down $2.99 during trading hours on Friday, reaching $227.24. The company's stock had a trading volume of 2,394,650 shares, compared to its average volume of 1,746,462. 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 company has a market cap of $50.83 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94. Cheniere Energy, Inc. has a one year low of $152.88 and a one year high of $257.65. The business's 50-day moving average is $224.99 and its 200-day moving average is $208.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Equities research analysts predict 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. Shareholders 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 yield of 0.88%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

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.