Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,245 shares of the energy company's stock after selling 2,120 shares during the period. Treasurer of the State of North Carolina's holdings in Cheniere Energy were worth $21,110,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LNG. MassMutual Private Wealth & Trust FSB lifted its position in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC increased its stake in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $29,000. Nemes Rush Group LLC lifted its position in Cheniere Energy by 2,022.2% during the 4th 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 Cheniere Energy in the fourth quarter valued at approximately $43,000. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upped their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Stifel Nicolaus increased their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 21st. UBS Group reissued a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. 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 analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $239.79.

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Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the firm's 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 transaction, the director now owns 33,934 shares in the company, valued at $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 the SEC website. Company insiders own 0.29% of the company's stock.

Cheniere Energy Stock Up 0.3 %

Cheniere Energy stock traded up $0.79 during mid-day trading on Wednesday, reaching $227.74. 1,395,039 shares of the company's stock were exchanged, compared to its average volume of 2,358,762. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65. The company has a fifty day moving average of $219.56 and a 200-day moving average of $214.11. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market cap of $50.74 billion, a P/E ratio of 16.00 and a beta of 0.67.

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 (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy's dividend payout ratio is currently 14.05%.

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.