Shell Asset Management Co. Sells 939 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Shell Asset Management Co. cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,405 shares of the energy company’s stock after selling 939 shares during the period. Shell Asset Management Co.’s holdings in Cheniere Energy were worth $1,376,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC increased its position in shares of Cheniere Energy by 9.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,155 shares of the energy company’s stock worth $1,537,000 after acquiring an additional 591 shares during the period. Raiffeisen Bank International AG bought a new stake in Cheniere Energy during the 4th quarter valued at $2,778,000. Recurrent Investment Advisors LLC lifted its holdings in shares of Cheniere Energy by 1.1% in the 4th quarter. Recurrent Investment Advisors LLC now owns 371,715 shares of the energy company’s stock worth $79,870,000 after buying an additional 3,975 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cheniere Energy during the fourth quarter valued at $1,615,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Cheniere Energy in the fourth quarter valued at about $12,619,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Down 0.4%

Shares of NYSE:LNG opened at $234.83 on Friday. The business’s 50-day moving average is $226.57 and its 200 day moving average is $221.75. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. 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 P/E ratio of 16.50 and a beta of 0.41.

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

Cheniere Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group reiterated a “buy” rating and set a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. 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. Bank of America upped their target price on Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Finally, Argus began coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.23.

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.