TIAA Trust National Association Purchases 282 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TIAA Trust National Association lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,034 shares of the energy company’s stock after buying an additional 282 shares during the quarter. TIAA Trust National Association’s holdings in Cheniere Energy were worth $437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the period. Amundi raised its holdings in shares of Cheniere Energy by 19.9% in the 4th quarter. Amundi now owns 2,696,002 shares of the energy company’s stock valued at $606,907,000 after purchasing an additional 448,189 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of Cheniere Energy by 5.2% in the 4th quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company’s stock worth $395,788,000 after purchasing an additional 91,554 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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. increased 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 buying an additional 631,787 shares during the period. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Thursday, March 6th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. TD Cowen lifted 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. UBS Group reissued a “buy” rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Finally, Morgan Stanley lifted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.79.

Insider Activity

In related 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 completion of the transaction, the director now directly owns 33,934 shares in the company, valued at $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. Insiders own 0.29% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $226.16 on Friday. The business has a fifty day moving average of $223.55 and a 200 day moving average of $210.47. 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 current ratio of 1.07 and a quick ratio of 0.98. The firm has a market capitalization of $50.58 billion, a price-to-earnings ratio of 15.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data 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 analysts’ expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

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.