Ensign Peak Advisors Inc Sells 72,106 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Ensign Peak Advisors Inc decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,169,930 shares of the energy company’s stock after selling 72,106 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Cheniere Energy were worth $251,383,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its stake in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $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% during the fourth 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 during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the fourth quarter worth approximately $29,000. Banque Transatlantique SA bought a new stake in Cheniere Energy in the 4th quarter worth approximately $32,000. Finally, Nemes Rush Group LLC grew its position in Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LNG shares. Barclays raised their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Mizuho boosted their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Scotiabank lowered their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. Wolfe Research lowered shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Finally, Argus initiated coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target on the stock. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $251.46.

Cheniere Energy Price Performance

NYSE:LNG opened at $237.64 on Friday. The stock has a market cap of $52.95 billion, a PE ratio of 16.70 and a beta of 0.41. 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 business’s 50-day simple moving average is $224.57 and its two-hundred day simple moving average is $219.43. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($1.74). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. During the same period in the previous year, the firm earned $2.13 earnings per share. The business’s revenue was up 28.0% on a year-over-year basis. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 annualized dividend and a yield of 0.84%. Cheniere Energy’s payout ratio is 14.05%.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.

Cheniere Energy 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.