Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,396 shares of the energy company’s stock after selling 3,676 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cheniere Energy were worth $4,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LNG. HHM Wealth Advisors LLC acquired a new stake in Cheniere Energy in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Cheniere Energy during the first quarter worth $27,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after buying an additional 118 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Cheniere Energy during the third quarter worth $40,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Cheniere Energy by 48.1% during the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock worth $45,000 after buying an additional 89 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG opened at $162.07 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The firm has a fifty day moving average price of $158.09. The stock has a market capitalization of $37.38 billion, a PE ratio of 4.00 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the previous year, the company earned $15.78 earnings per share. The firm’s revenue for the quarter was down 46.9% on a year-over-year basis. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were issued a $0.435 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.07%. Cheniere Energy’s payout ratio is 4.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LNG shares. Redburn Atlantic started coverage on shares of Cheniere Energy in a research note on Tuesday. They set a “neutral” rating and a $162.00 price objective for the company. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen lowered their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Finally, Barclays lifted their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $193.30.

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.