Cheniere Energy, Inc. (NYSE:LNG) Position Lessened by Commerce Bank

Commerce Bank decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 105,928 shares of the energy company’s stock after selling 6,249 shares during the period. Commerce Bank’s holdings in Cheniere Energy were worth $22,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after purchasing an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Cheniere Energy by 2.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after acquiring an additional 46 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock valued at $719,000 after acquiring an additional 55 shares during the last quarter. American Money Management LLC raised its stake in shares of Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock valued at $2,361,000 after acquiring an additional 55 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Cheniere Energy by 0.8% in the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock worth $1,513,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LNG. UBS Group reiterated a “buy” rating and set a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price for the company. Stifel Nicolaus raised their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley boosted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, TD Cowen lifted their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Fifteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $245.77.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $231.52 on Friday. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a market cap of $51.59 billion, a P/E ratio of 16.27 and a beta of 0.67. The firm’s 50-day simple moving average is $220.22 and its 200-day simple moving average is $214.90.

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

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s payout ratio is presently 14.05%.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

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.