Blue Trust Inc. Reduces Position in Cheniere Energy, Inc. (NYSE:LNG)

Blue Trust Inc. reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 62.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 539 shares of the energy company’s stock after selling 878 shares during the quarter. Blue Trust Inc.’s holdings in Cheniere Energy were worth $116,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LNG. Miracle Mile Advisors LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth approximately $2,127,000. Fractal Investments LLC increased its stake in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after purchasing an additional 14,000 shares during the period. Anderson Hoagland & Co. bought a new stake in shares of Cheniere Energy during the fourth quarter worth $2,460,000. Mirae Asset Global Investments Co. Ltd. lifted its position 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 worth $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 own 87.26% of the company’s stock.

Cheniere Energy Stock Down 2.7 %

NYSE:LNG opened at $220.90 on Friday. The company’s 50-day simple moving average is $222.92 and its 200-day simple moving average is $203.27. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The stock has a market capitalization of $49.56 billion, a P/E ratio of 14.11 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results 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. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 12.77 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on LNG. Scotiabank raised their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Morgan Stanley raised their target price 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. UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. TD Cowen increased their price objective on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $235.75.

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.