US Bancorp DE Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

US Bancorp DE grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,007 shares of the energy company's stock after acquiring an additional 1,471 shares during the period. US Bancorp DE's holdings in Cheniere Energy were worth $3,439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new position in shares of Cheniere Energy during the 4th quarter worth approximately $2,127,000. Fractal Investments LLC grew its stake in shares of Cheniere Energy by 31.0% in the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock worth $12,720,000 after buying an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. purchased a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. increased its position in Cheniere Energy by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after buying an additional 8,756 shares in the last quarter. Finally, Insight Wealth Strategies LLC purchased a new position in Cheniere Energy during the fourth quarter valued at $4,455,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. TD Cowen raised their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Morgan Stanley raised their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $236.33.

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Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

Cheniere Energy Stock Performance

NYSE:LNG traded up $5.16 during trading hours on Friday, reaching $220.57. The company had a trading volume of 2,749,123 shares, compared to its average volume of 1,749,702. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65. The firm has a market cap of $49.33 billion, a price-to-earnings ratio of 15.50 and a beta of 0.94. The firm's 50 day moving average price is $225.15 and its 200-day moving average price is $206.54.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 EPS 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 business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. 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.