1,560 Shares in Cheniere Energy, Inc. (NYSE:LNG) Acquired by Texas Bank & Trust Co

Texas Bank & Trust Co acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,560 shares of the energy company’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNG. Fractal Investments LLC increased its holdings in 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 in the last quarter. Anderson Hoagland & Co. bought a new stake in Cheniere Energy in the fourth quarter worth approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 in the last quarter. Leavell Investment Management Inc. increased its holdings in Cheniere Energy by 10.2% in the fourth quarter. Leavell Investment Management Inc. now owns 19,514 shares of the energy company’s stock worth $4,193,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in Cheniere Energy by 46.3% in the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 9,345 shares of the energy company’s stock worth $2,008,000 after purchasing an additional 2,957 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction dated 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 owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by insiders.

Cheniere Energy Stock Down 0.4%

Cheniere Energy stock opened at $234.83 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm’s fifty day moving average price is $226.57 and its two-hundred day moving average price is $221.96. Cheniere Energy, Inc. has a 1-year low of $153.03 and a 1-year high of $257.65. The firm has a market capitalization of $52.08 billion, a price-to-earnings ratio of 16.50 and a beta of 0.41.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy’s payout ratio is currently 14.63%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Cowen lifted their target price on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Stifel Nicolaus lowered their target price on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Wolfe Research downgraded Cheniere Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Morgan Stanley boosted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Argus began coverage on Cheniere Energy in a report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 target price on the stock. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.23.

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.