Lindbrook Capital LLC Has $1.96 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Lindbrook Capital LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 9,130 shares of the energy company’s stock after buying an additional 528 shares during the quarter. Lindbrook Capital LLC’s holdings in Cheniere Energy were worth $1,962,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 purchasing an additional 75 shares during the period. WR Wealth Planners LLC grew its stake in shares of 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 purchasing an additional 97 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the third quarter worth $28,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $29,000. Finally, Adirondack Trust Co. acquired a new position in Cheniere Energy in the fourth quarter valued at about $43,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG opened at $217.85 on Thursday. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. The firm has a market capitalization of $48.73 billion, a PE ratio of 15.31 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business’s 50-day simple moving average is $224.85 and its 200 day simple moving average is $205.90.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) 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 business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.92%. Cheniere Energy’s payout ratio is presently 14.05%.

Analyst Ratings Changes

LNG has been the subject of a number of research analyst reports. Barclays boosted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. 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. Stifel Nicolaus boosted their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company boosted their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $235.75.

Insider Buying and Selling

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

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.