Nomura Asset Management Co. Ltd. Sells 3,229 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Nomura Asset Management Co. Ltd. lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,906 shares of the energy company’s stock after selling 3,229 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Cheniere Energy were worth $16,310,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Miracle Mile Advisors LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth about $2,127,000. Fractal Investments LLC lifted its holdings in Cheniere Energy by 31.0% in the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after purchasing an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. bought a new position in Cheniere Energy in the 4th quarter worth approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cheniere Energy by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after buying an additional 8,756 shares in the last quarter. Finally, Insight Wealth Strategies LLC bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $4,455,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.3 %

NYSE LNG opened at $226.16 on Friday. 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 52 week low of $152.88 and a 52 week high of $257.65. The firm has a market capitalization of $50.58 billion, a price-to-earnings ratio of 15.89 and a beta of 0.94. The company has a fifty day moving average of $223.55 and a two-hundred day moving average of $210.70.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy’s payout ratio is 14.05%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LNG shares. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Morgan Stanley boosted their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus started coverage on Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective for the company. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Finally, Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $239.79.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now 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 document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is 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.