Community Trust & Investment Co. Has $29.51 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Community Trust & Investment Co. increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,333 shares of the energy company’s stock after buying an additional 1,223 shares during the period. Cheniere Energy accounts for approximately 1.8% of Community Trust & Investment Co.’s holdings, making the stock its 13th biggest holding. Community Trust & Investment Co. owned about 0.06% of Cheniere Energy worth $29,509,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in shares of Cheniere Energy during the second quarter valued at approximately $441,000. Commonwealth Equity Services LLC lifted its holdings in Cheniere Energy by 2.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the energy company’s stock worth $1,001,000 after buying an additional 534 shares in the last quarter. LPL Financial LLC boosted its position in Cheniere Energy by 5.8% in the 2nd quarter. LPL Financial LLC now owns 199,187 shares of the energy company’s stock valued at $34,824,000 after buying an additional 10,935 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at $328,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Cheniere Energy by 3.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,035 shares of the energy company’s stock worth $1,929,000 after acquiring an additional 337 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on LNG. Scotiabank assumed coverage on Cheniere Energy in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 price objective for the company. TD Cowen lifted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group lifted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.55.

Cheniere Energy Stock Up 5.9 %

NYSE:LNG opened at $243.03 on Wednesday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $243.42. The stock has a 50-day moving average price of $216.82 and a two-hundred day moving average price of $194.00. The stock has a market cap of $54.53 billion, a price-to-earnings ratio of 15.52 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.37 EPS. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Cheniere Energy’s payout ratio is 12.77%.

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.