DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 16,500 Shares of Cheniere Energy, Inc. (NYSE:LNG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 34.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,995 shares of the energy company’s stock after selling 16,500 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Cheniere Energy were worth $6,660,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Cheniere Energy by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company’s stock worth $1,220,858,000 after purchasing an additional 243,418 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Cheniere Energy by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock valued at $886,664,000 after buying an additional 379,142 shares in the last quarter. Invesco Ltd. raised its position in shares of Cheniere Energy by 16.1% during the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock valued at $695,599,000 after buying an additional 450,031 shares during the last quarter. Norges Bank purchased a new position in shares of Cheniere Energy in the fourth quarter worth $629,197,000. Finally, Amundi boosted its position in shares of Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after acquiring an additional 448,189 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LNG. 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. Scotiabank dropped their price target on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Mizuho increased their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, TD Cowen boosted their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.23.

Cheniere Energy Trading Down 1.6 %

NYSE LNG opened at $233.48 on Friday. Cheniere Energy, Inc. has a 12 month low of $153.03 and a 12 month high of $257.65. The company’s 50-day moving average price is $224.83 and its 200-day moving average price is $219.78. The stock has a market cap of $52.02 billion, a PE ratio of 16.41 and a beta of 0.41. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same period last year, the business posted $2.13 earnings per share. The business’s revenue was up 28.0% compared to the same quarter last year. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy’s payout ratio is 14.05%.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

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.