Cullen Frost Bankers Inc. Has $190,000 Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Cullen Frost Bankers Inc. cut its position in Cheniere Energy, Inc. (NYSE:LNG) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 886 shares of the energy company’s stock after selling 120 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Cheniere Energy were worth $190,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LNG. M&T Bank Corp boosted its position in shares of Cheniere Energy by 6.3% during the fourth quarter. M&T Bank Corp now owns 19,838 shares of the energy company’s stock valued at $4,262,000 after buying an additional 1,170 shares during the last quarter. Atria Investments Inc grew its position in shares of Cheniere Energy by 15.1% in the fourth quarter. Atria Investments Inc now owns 17,816 shares of the energy company’s stock valued at $3,828,000 after purchasing an additional 2,343 shares in the last quarter. Assetmark Inc. grew its position in Cheniere Energy by 1,916.7% during the fourth quarter. Assetmark Inc. now owns 242 shares of the energy company’s stock worth $52,000 after buying an additional 230 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Cheniere Energy during the fourth quarter worth about $13,106,000. Finally, Keybank National Association OH boosted its holdings in shares of Cheniere Energy by 0.7% in the 4th quarter. Keybank National Association OH now owns 10,819 shares of the energy company’s stock worth $2,325,000 after purchasing an additional 72 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Trading Up 2.4 %

Shares of Cheniere Energy stock opened at $220.57 on Friday. The firm has a market cap of $49.33 billion, a price-to-earnings ratio of 15.50 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. 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 has a 50-day moving average price of $225.15 and a 200-day moving average price of $206.37.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.91%. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LNG shares. UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company upped their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen upped their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Scotiabank upped their price target on Cheniere Energy from $247.00 to $254.00 and gave the stock a “sector outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.33.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm’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. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

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.