Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Glenview Trust co

Glenview Trust co increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,154 shares of the energy company’s stock after buying an additional 156 shares during the quarter. Glenview Trust co’s holdings in Cheniere Energy were worth $678,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Miracle Mile Advisors LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $2,127,000. Fractal Investments LLC lifted its holdings in shares of Cheniere Energy by 31.0% during the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $2,460,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cheniere Energy by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after purchasing an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $4,455,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.9 %

LNG opened at $222.62 on Tuesday. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The business has a 50-day moving average of $224.83 and a 200-day moving average of $207.90. 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 company has a market capitalization of $49.79 billion, a PE ratio of 15.64 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 0.90%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LNG. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company upped their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus raised their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus price target of $236.33.

Cheniere Energy 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.