ProShare Advisors LLC Sells 1,866 Shares of Cheniere Energy, Inc. (NYSE:LNG)

ProShare Advisors LLC reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 10.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,747 shares of the energy company’s stock after selling 1,866 shares during the quarter. ProShare Advisors LLC’s holdings in Cheniere Energy were worth $3,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Cheniere Energy by 4.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company’s stock valued at $1,220,858,000 after acquiring an additional 243,418 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock valued at $886,664,000 after purchasing an additional 379,142 shares during the last quarter. Invesco Ltd. grew its stake in Cheniere Energy by 16.1% in the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock valued at $695,599,000 after purchasing an additional 450,031 shares in the last quarter. Norges Bank bought a new position in Cheniere Energy in the fourth quarter valued at approximately $629,197,000. Finally, Amundi increased its position in shares of Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after purchasing an additional 448,189 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 0.8%

Shares of NYSE:LNG opened at $233.15 on Tuesday. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The business has a 50 day moving average of $226.92 and a 200-day moving average of $222.28. 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 stock has a market cap of $51.71 billion, a PE ratio of 16.38 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 the consensus estimate of $2.81 by ($1.24). The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s payout ratio is presently 14.63%.

Insider Activity 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 completion of the sale, the director now owns 33,934 shares of the company’s stock, 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LNG shares. TD Cowen raised their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Raymond James reissued a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Scotiabank cut their target price on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Finally, Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Two 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 stock. According to data from MarketBeat, the stock presently 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.