Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,667 shares of the energy company’s stock after selling 70,779 shares during the quarter. AMF Tjanstepension AB’s holdings in Cheniere Energy were worth $12,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after buying an additional 167,575 shares during the period. Wellington Management Group LLP grew its position in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Cheniere Energy by 11.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after purchasing an additional 178,318 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after purchasing an additional 631,787 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $220.57 on Friday. The company’s 50-day moving average price is $225.15 and its 200-day moving average price is $206.21. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market cap of $49.33 billion, a P/E ratio of 15.50 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued 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 company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated 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 $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays increased their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley increased their price objective 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. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $236.33.

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.