Sei Investments Co. Reduces Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Sei Investments Co. reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,578 shares of the energy company’s stock after selling 10,578 shares during the quarter. Sei Investments Co.’s holdings in Cheniere Energy were worth $30,196,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans grew its holdings in shares of Cheniere Energy by 89.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company’s stock valued at $1,069,000 after buying an additional 2,808 shares during the last quarter. Pathstone Holdings LLC grew its stake in Cheniere Energy by 10.1% during the 3rd quarter. Pathstone Holdings LLC now owns 15,871 shares of the energy company’s stock valued at $2,854,000 after purchasing an additional 1,460 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Cheniere Energy by 11.3% in the third quarter. Cerity Partners LLC now owns 98,838 shares of the energy company’s stock valued at $17,775,000 after purchasing an additional 10,071 shares during the period. Larson Financial Group LLC raised its stake in shares of Cheniere Energy by 230.8% in the third quarter. Larson Financial Group LLC now owns 3,291 shares of the energy company’s stock worth $592,000 after purchasing an additional 2,296 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Cheniere Energy by 22.1% during the third quarter. Summit Trail Advisors LLC now owns 2,091 shares of the energy company’s stock worth $376,000 after purchasing an additional 378 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.7 %

Cheniere Energy stock opened at $231.85 on Wednesday. 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 stock has a market capitalization of $51.86 billion, a PE ratio of 16.29 and a beta of 0.94. The business has a 50 day simple moving average of $224.89 and a 200-day simple moving average of $209.86. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results 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 anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Analyst Upgrades and Downgrades

LNG has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Mizuho raised their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. TD Cowen upped their price target 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, UBS Group reaffirmed a “buy” rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.79.

Insider Activity at Cheniere Energy

In other 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 owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

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.