Chesapeake Capital Corp IL Sells 1,839 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Chesapeake Capital Corp IL cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 56.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,435 shares of the energy company’s stock after selling 1,839 shares during the period. Chesapeake Capital Corp IL’s holdings in Cheniere Energy were worth $308,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new stake in shares of Cheniere Energy in the fourth quarter worth about $2,127,000. Fractal Investments LLC grew its stake in shares of 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 last quarter. Anderson Hoagland & Co. bought a new stake in shares of Cheniere Energy in the fourth quarter worth about $2,460,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cheniere Energy by 31.4% in 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 bought a new stake in shares of Cheniere Energy in the fourth quarter worth about $4,455,000. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LNG shares. Stifel Nicolaus raised their target price on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Thursday, March 6th. TD Cowen raised their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Mizuho raised their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.79.

Cheniere Energy Price Performance

LNG stock opened at $224.07 on Wednesday. The firm has a 50 day moving average price of $224.84 and a 200-day moving average price of $208.17. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. The firm has a market capitalization of $50.12 billion, a price-to-earnings ratio of 15.75 and a beta of 0.94. 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 (NYSE:LNG) last announced its quarterly earnings data 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 net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. Cheniere Energy’s payout ratio is currently 14.05%.

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.