World Investment Advisors lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 115.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,685 shares of the energy company's stock after purchasing an additional 1,436 shares during the quarter. World Investment Advisors' holdings in Cheniere Energy were worth $577,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB lifted its position in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC raised its stake in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after buying an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $29,000. Nemes Rush Group LLC boosted its stake in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after buying an additional 182 shares in the last quarter. Finally, Adirondack Trust Co. acquired a new position in Cheniere Energy during the fourth quarter worth $43,000. 87.26% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Barclays boosted their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. TD Cowen upped their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus upped their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 21st. 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, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $239.79.
View Our Latest Analysis on LNG
Cheniere Energy Trading Up 3.5 %
Shares of LNG stock traded up $7.39 during mid-day trading on Friday, reaching $220.23. The company's stock had a trading volume of 2,731,654 shares, compared to its average volume of 1,881,872. 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 firm has a market capitalization of $49.26 billion, a PE ratio of 15.48 and a beta of 0.67. The company's 50 day simple moving average is $219.56 and its 200-day simple moving average is $213.47. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65.
Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.
Cheniere Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued 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 is presently 14.05%.
Insider Activity at Cheniere Energy
In other news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.
Cheniere Energy Profile
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Free Report)
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.
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