Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 121.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,299 shares of the energy company’s stock after acquiring an additional 3,450 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Cheniere Energy were worth $1,353,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arete Wealth Advisors LLC increased its holdings in shares of Cheniere Energy by 8.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 1,248 shares of the energy company’s stock worth $268,000 after buying an additional 100 shares during the last quarter. World Investment Advisors grew its position in Cheniere Energy by 115.0% in the fourth quarter. World Investment Advisors now owns 2,685 shares of the energy company’s stock worth $577,000 after acquiring an additional 1,436 shares during the period. Westpac Banking Corp acquired a new stake in Cheniere Energy during the fourth quarter worth $72,000. Disciplined Investors L.L.C. purchased a new stake in Cheniere Energy in the fourth quarter valued at $206,000. Finally, SevenBridge Financial Group LLC lifted its stake in shares of Cheniere Energy by 15.4% in the 4th quarter. SevenBridge Financial Group LLC now owns 1,096 shares of the energy company’s stock valued at $240,000 after purchasing an additional 146 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy 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 completion of the sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Argus initiated coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price objective on the stock. Mizuho boosted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. The Goldman Sachs Group increased their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Barclays boosted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.79.

Cheniere Energy Price Performance

LNG stock opened at $196.84 on Friday. The business’s 50-day moving average is $221.78 and its two-hundred day moving average is $212.00. 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 has a market capitalization of $44.03 billion, a P/E ratio of 13.83 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last issued 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 net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.05%.

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.