Callan Family Office LLC Takes $709,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Callan Family Office LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, HoldingsChannel reports. The firm bought 3,301 shares of the energy company’s stock, valued at approximately $709,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. WR Wealth Planners LLC boosted its position in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Cheniere Energy during the third quarter worth about $28,000. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy during the fourth quarter worth about $29,000. Finally, Adirondack Trust Co. acquired a new position in Cheniere Energy during the fourth quarter worth about $43,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by insiders.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $220.57 on Friday. The company’s 50 day simple moving average is $225.15 and its 200-day simple moving average is $206.37. The company has a market capitalization of $49.33 billion, a price-to-earnings ratio of 15.50 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last released its quarterly 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 business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LNG. Barclays boosted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Scotiabank boosted their target price on shares of Cheniere Energy from $247.00 to $254.00 and gave the company a “sector outperform” rating in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley boosted their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.33.

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.