Titleist Asset Management LLC Buys New Position in Cheniere Energy, Inc. (NYSE:LNG)

Titleist Asset Management LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,259 shares of the energy company's stock, valued at approximately $700,000.

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

Cheniere Energy Stock Up 3.5 %

Shares of LNG stock traded up $7.39 on Friday, hitting $220.23. The stock had a trading volume of 2,731,654 shares, compared to its average volume of 1,881,872. The stock's 50 day moving average is $219.56 and its 200-day moving average is $213.47. The firm has a market capitalization of $49.26 billion, a price-to-earnings ratio of 15.48 and a beta of 0.67. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

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Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $4.44 billion. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Insider Activity at Cheniere Energy

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 sale, the director now owns 33,934 shares of the company's stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNG shares. The Goldman Sachs Group upped their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 27th. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Wells Fargo & Company lifted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $239.79.

About Cheniere Energy

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.