Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Lessened by Norris Perne & French LLP MI

Norris Perne & French LLP MI decreased its position in Cheniere Energy, Inc. (NYSE:LNGFree Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,986 shares of the energy company’s stock after selling 1,301 shares during the quarter. Cheniere Energy makes up 2.7% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 5th largest position. Norris Perne & French LLP MI owned 0.08% of Cheniere Energy worth $34,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Bornite Capital Management LP bought a new stake in Cheniere Energy during the first quarter worth about $13,865,000. MetLife Investment Management LLC bought a new stake in Cheniere Energy during the first quarter worth about $2,102,000. Yousif Capital Management LLC lifted its stake in shares of Cheniere Energy by 7.3% in the first quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock worth $703,000 after buying an additional 345 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Cheniere Energy by 95.0% in the first quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock worth $589,000 after buying an additional 2,068 shares in the last quarter. Finally, Cibc World Market Inc. lifted its stake in shares of Cheniere Energy by 22.8% in the first quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock worth $594,000 after buying an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.4 %

Shares of Cheniere Energy stock opened at $159.95 on Tuesday. The stock has a 50 day moving average price of $162.20. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy, Inc. has a 52-week low of $135.30 and a 52-week high of $183.46. The stock has a market cap of $37.54 billion, a P/E ratio of 3.93, a P/E/G ratio of 0.70 and a beta of 0.94.

Cheniere Energy (NYSE:LNGGet Free Report) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $2.70 by $3.06. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. Cheniere Energy’s revenue was down 46.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $15.78 EPS. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 8.98 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy’s payout ratio is 4.30%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. TD Cowen reduced their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Mizuho upped their target price on shares of Cheniere Energy from $187.00 to $195.00 and gave the company a “buy” rating in a report on Friday, December 15th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $197.10.

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Cheniere Energy Profile

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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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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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