CIBC Private Wealth Group LLC Decreases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

CIBC Private Wealth Group LLC cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,271,644 shares of the energy company’s stock after selling 165,562 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Cheniere Energy were worth $286,362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% in the 4th 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 period. WR Wealth Planners LLC boosted its stake in shares of Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at $29,000. Adirondack Trust Co. acquired a new stake in Cheniere Energy during the 4th quarter valued at $43,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Cheniere Energy during the 4th quarter worth $46,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of several recent analyst reports. Stifel Nicolaus raised 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. Argus began coverage on Cheniere Energy in a research note on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective for the company. Mizuho upped their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Barclays upped their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Stock Performance

LNG opened at $226.16 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The stock has a market cap of $50.58 billion, a PE ratio of 15.89 and a beta of 0.94. The business’s 50 day moving average is $223.55 and its 200-day moving average is $210.70. 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 announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.44 billion. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade 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 link. 0.29% of the stock is owned by corporate insiders.

Cheniere Energy 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.