Vanguard Group Inc. Has $4.49 Billion Stake in Cheniere Energy, Inc. (NYSE:LNG)

Vanguard Group Inc. cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,882,948 shares of the energy company's stock after selling 199,755 shares during the period. Vanguard Group Inc. owned about 9.31% of Cheniere Energy worth $4,487,119,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in shares of Cheniere Energy by 89.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company's stock worth $1,069,000 after purchasing an additional 2,808 shares in the last quarter. Pathstone Holdings LLC raised its position in Cheniere Energy by 10.1% during the third quarter. Pathstone Holdings LLC now owns 15,871 shares of the energy company's stock valued at $2,854,000 after acquiring an additional 1,460 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Cheniere Energy by 14.2% in the third quarter. Advisors Asset Management Inc. now owns 9,978 shares of the energy company's stock valued at $1,794,000 after acquiring an additional 1,240 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Cheniere Energy by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,200 shares of the energy company's stock worth $169,086,000 after acquiring an additional 15,675 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in Cheniere Energy by 23.2% in the third quarter. Raymond James Trust N.A. now owns 6,394 shares of the energy company's stock worth $1,150,000 after acquiring an additional 1,203 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

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Cheniere Energy Price Performance

Shares of LNG stock traded down $0.63 during mid-day trading on Friday, reaching $226.16. The company's stock had a trading volume of 1,330,610 shares, compared to its average volume of 1,817,330. The firm's 50-day moving average is $223.55 and its two-hundred day moving average is $210.47. The company has a market cap of $50.58 billion, a P/E ratio of 15.89 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year 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.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 (DPR) is presently 14.05%.

Insider Activity at Cheniere Energy

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays lifted 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. Stifel Nicolaus boosted their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Morgan Stanley raised their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average target price of $239.79.

Cheniere Energy Company 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.