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

TCTC Holdings LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 35.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LNG. Barclays lifted their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus raised their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company raised their target price 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. TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Morgan Stanley raised their target price 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. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.33.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Cheniere Energy Stock Up 3.3 %

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. The company has a fifty day moving average of $224.85 and a two-hundred day moving average of $207.63. The firm has a market capitalization of $48.90 billion, a price-to-earnings ratio of 15.36 and a beta of 0.94. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted 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. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced 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 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Cheniere Energy Company 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.