TCTC Holdings LLC Sells 1,387 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TCTC Holdings LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,495 shares of the energy company’s stock after selling 1,387 shares during the period. TCTC Holdings LLC’s holdings in Cheniere Energy were worth $536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. WR Wealth Planners LLC raised its holdings in Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the fourth quarter worth about $29,000. Adirondack Trust Co. bought a new position in Cheniere Energy in the fourth quarter worth about $43,000. Finally, SBI Securities Co. Ltd. bought a new position in Cheniere Energy in the fourth quarter worth about $46,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $218.61 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65. The business’s 50 day moving average price is $224.85 and its 200 day moving average price is $207.63. The firm has a market cap of $48.90 billion, a P/E ratio of 15.36 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LNG. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Thursday, March 6th. Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley upped 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. Finally, The Goldman Sachs Group upped their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $236.33.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company’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 sale, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.29% 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.