Stock Yards Bank & Trust Co. Purchases 6,400 Shares of Cheniere Energy, Inc. $LNG

Stock Yards Bank & Trust Co. boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 183.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,885 shares of the energy company’s stock after acquiring an additional 6,400 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Cheniere Energy were worth $2,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Cheniere Energy by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock worth $1,141,473,000 after purchasing an additional 26,843 shares during the last quarter. Norges Bank bought a new position in Cheniere Energy during the 2nd quarter valued at approximately $957,425,000. Geode Capital Management LLC lifted its holdings in Cheniere Energy by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock worth $940,578,000 after buying an additional 70,475 shares during the period. TD Asset Management Inc lifted its holdings in Cheniere Energy by 1.5% in the 2nd quarter. TD Asset Management Inc now owns 1,990,748 shares of the energy company’s stock worth $484,787,000 after buying an additional 28,742 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Cheniere Energy by 0.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock worth $449,364,000 after buying an additional 8,740 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $202.93 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $43.68 billion, a P/E ratio of 11.31, a P/E/G ratio of 6.64 and a beta of 0.26. The business has a fifty day simple moving average of $199.90 and a two-hundred day simple moving average of $219.59. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $254.53.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.93 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s payout ratio is 12.37%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. Scotiabank reissued an “outperform” rating and set a $266.00 price objective on shares of Cheniere Energy in a research report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $254.00 target price on shares of Cheniere Energy in a research report on Wednesday, December 17th. Bank of America cut their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Erste Group Bank cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.59.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.