Berger Financial Group Inc Has $253,000 Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Berger Financial Group Inc cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,180 shares of the energy company’s stock after selling 177 shares during the quarter. Berger Financial Group Inc’s holdings in Cheniere Energy were worth $253,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock worth $886,664,000 after acquiring an additional 379,142 shares during the period. Invesco Ltd. grew its holdings in shares of Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock valued at $695,599,000 after purchasing an additional 450,031 shares during the last quarter. Norges Bank acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $629,197,000. Amundi boosted its position in Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after buying an additional 448,189 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Cheniere Energy by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company’s stock worth $469,448,000 after buying an additional 59,281 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 1.9 %

LNG opened at $237.71 on Tuesday. The company has a fifty day moving average price of $222.33 and a 200-day moving average price of $217.02. The firm has a market capitalization of $52.97 billion, a P/E ratio of 16.70 and a beta of 0.67. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG) last announced 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 net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LNG. Raymond James restated a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Morgan Stanley raised their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group reiterated a “buy” rating and set a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Argus assumed coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target on the stock. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Buy” and an average price target of $249.08.

About Cheniere Energy

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.