Mercer Global Advisors Inc. ADV Reduces Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Mercer Global Advisors Inc. ADV decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,135 shares of the energy company’s stock after selling 11,406 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Cheniere Energy were worth $9,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares during the period. WR Wealth Planners LLC raised its holdings in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $29,000. Nemes Rush Group LLC boosted its stake in shares of Cheniere Energy by 2,022.2% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after purchasing an additional 182 shares in the last quarter. Finally, Adirondack Trust Co. purchased a new position in Cheniere Energy during the fourth quarter valued at approximately $43,000. 87.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and set a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. Mizuho lifted their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Wolfe Research downgraded shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Buy” and an average price target of $251.46.

Insider Buying and Selling at Cheniere Energy

In related 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 value of $1,975,590.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $235.94 on Friday. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. The business’s 50 day moving average price is $223.37 and its 200 day moving average price is $218.16. 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 firm has a market cap of $52.57 billion, a P/E ratio of 16.58 and a beta of 0.67.

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

Cheniere Energy Dividend Announcement

The business 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 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, May 9th. 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.