Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,540 shares of the energy company’s stock after selling 288 shares during the quarter. iA Global Asset Management Inc.’s holdings in Cheniere Energy were worth $976,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its stake in Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after buying an additional 43 shares during the period. Flagship Harbor Advisors LLC increased its stake in Cheniere Energy by 2.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after buying an additional 46 shares during the period. Larson Financial Group LLC increased its stake in Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock worth $719,000 after buying an additional 55 shares during the period. Parallel Advisors LLC increased its stake in Cheniere Energy by 0.8% during the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock worth $1,513,000 after buying an additional 59 shares during the period. Finally, Hourglass Capital LLC increased its stake in Cheniere Energy by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock worth $2,353,000 after buying an additional 60 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. The Goldman Sachs Group increased their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Mizuho increased their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $239.79.

Cheniere Energy Trading Down 1.3 %

NYSE LNG opened at $227.24 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm’s fifty day moving average price is $225.03 and its 200 day moving average price is $208.75. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The firm 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%. On average, 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 firm also recently declared 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 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company 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.