Advisory Services Network LLC Buys 2,445 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Advisory Services Network LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,940 shares of the energy company’s stock after purchasing an additional 2,445 shares during the period. Advisory Services Network LLC’s holdings in Cheniere Energy were worth $3,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Cheniere Energy by 54.5% in the fourth quarter. Renaissance Technologies LLC now owns 765,953 shares of the energy company’s stock valued at $164,580,000 after acquiring an additional 270,105 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Cheniere Energy by 16.1% during the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock worth $695,599,000 after purchasing an additional 450,031 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Cheniere Energy during the fourth quarter worth about $69,000. Federated Hermes Inc. grew its holdings in shares of Cheniere Energy by 69.9% during the fourth quarter. Federated Hermes Inc. now owns 622,446 shares of the energy company’s stock worth $133,741,000 after purchasing an additional 256,009 shares during the last quarter. Finally, Titleist Asset Management LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth about $700,000. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent analyst reports. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Barclays boosted their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Argus assumed coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective for the company. Wells Fargo & Company boosted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.79.

Cheniere Energy Trading Up 6.2 %

Shares of LNG opened at $217.87 on Thursday. The business has a 50-day moving average of $220.05 and a 200 day moving average of $212.97. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The firm has a market cap of $48.73 billion, a P/E ratio of 15.31 and a beta of 0.67. 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 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 company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.92%. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The stock was 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 owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is 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.