Whittier Trust Co. Raises Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Whittier Trust Co. raised its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,274 shares of the energy company's stock after purchasing an additional 2,200 shares during the period. Whittier Trust Co.'s holdings in Cheniere Energy were worth $12,951,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LNG. Teacher Retirement System of Texas boosted its stake in shares of Cheniere Energy by 26.6% during the fourth quarter. Teacher Retirement System of Texas now owns 107,288 shares of the energy company's stock valued at $23,053,000 after acquiring an additional 22,562 shares during the last quarter. Sandy Spring Bank lifted its holdings in Cheniere Energy by 2.1% in the 4th quarter. Sandy Spring Bank now owns 31,772 shares of the energy company's stock valued at $6,827,000 after purchasing an additional 647 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of Cheniere Energy by 5.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 110,105 shares of the energy company's stock worth $23,658,000 after purchasing an additional 5,964 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cheniere Energy during the fourth quarter worth about $978,000. Finally, Xponance Inc. raised its position in shares of Cheniere Energy by 8.1% in the fourth quarter. Xponance Inc. now owns 32,357 shares of the energy company's stock valued at $6,953,000 after buying an additional 2,430 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the business's 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 directly owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LNG shares. Stifel Nicolaus raised their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Argus began coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective for the company. TD Cowen upped 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. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Finally, Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $239.79.

Cheniere Energy Trading Down 0.7 %

Shares of Cheniere Energy stock traded down $1.74 during trading hours on Tuesday, hitting $231.85. The company's stock had a trading volume of 1,769,961 shares, compared to its average volume of 1,746,549. 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 capitalization of $51.86 billion, a PE ratio of 16.29 and a beta of 0.94. The business has a fifty day moving average of $225.11 and a 200 day moving average of $209.50. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65.

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 (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, equities analysts forecast 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. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is presently 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.