Concurrent Investment Advisors LLC Sells 198 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Concurrent Investment Advisors LLC reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,358 shares of the energy company’s stock after selling 198 shares during the period. Concurrent Investment Advisors LLC’s holdings in Cheniere Energy were worth $936,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LNG. The Manufacturers Life Insurance Company raised its stake in shares of Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after acquiring an additional 167,575 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cheniere Energy by 11.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock worth $322,631,000 after purchasing an additional 178,318 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after purchasing an additional 631,787 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LNG. TD Cowen lifted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Scotiabank lifted their target price on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus lifted their target price on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $235.75.

Cheniere Energy Stock Down 2.7 %

Shares of NYSE:LNG opened at $220.90 on Monday. The firm has a market cap of $49.56 billion, a P/E ratio of 15.52 and a beta of 0.98. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The business has a fifty day simple moving average of $223.08 and a 200 day simple moving average of $203.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

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.