Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,007,212 shares of the energy company’s stock after selling 48,275 shares during the quarter. Bank of New York Mellon Corp owned 0.45% of Cheniere Energy worth $216,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after purchasing an additional 46 shares during the last quarter. Hourglass Capital LLC increased its stake in shares of Cheniere Energy by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock worth $2,353,000 after purchasing an additional 60 shares during the period. Chemistry Wealth Management LLC lifted its position in shares of Cheniere Energy by 5.2% during the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock worth $267,000 after purchasing an additional 61 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in Cheniere Energy by 5.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after buying an additional 61 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LNG. Scotiabank upped their price target on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays boosted their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. TD Cowen increased their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.75.

Cheniere Energy Trading Up 0.4 %

Shares of Cheniere Energy stock opened at $219.85 on Friday. The stock has a market capitalization of $49.17 billion, a P/E ratio of 15.45 and a beta of 0.98. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-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 company has a 50-day simple moving average of $223.89 and a 200 day simple moving average of $204.69.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

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

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.