Tortoise Capital Advisors L.L.C. Has $661.74 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Tortoise Capital Advisors L.L.C. cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,079,735 shares of the energy company’s stock after selling 119,635 shares during the quarter. Cheniere Energy comprises 8.5% of Tortoise Capital Advisors L.L.C.’s holdings, making the stock its 4th biggest position. Tortoise Capital Advisors L.L.C.’s holdings in Cheniere Energy were worth $661,743,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC increased its stake in shares of 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 purchasing an additional 55 shares during the last quarter. American Money Management LLC raised its holdings in shares of Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock valued at $2,361,000 after purchasing an additional 55 shares during the period. Finally, Forum Financial Management LP lifted its stake in Cheniere Energy by 2.0% in the 4th quarter. Forum Financial Management LP now owns 2,822 shares of the energy company’s stock valued at $606,000 after purchasing an additional 56 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research analyst reports. Barclays increased their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Argus assumed coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target for the company. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Morgan Stanley increased their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus boosted their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $245.77.

Cheniere Energy Stock Up 1.8 %

Cheniere Energy stock opened at $231.52 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a market cap of $51.59 billion, a price-to-earnings ratio of 16.27 and a beta of 0.67. The firm has a 50 day moving average price of $220.22 and a two-hundred day moving average price of $215.12. Cheniere Energy, Inc. has a 52-week low of $153.03 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Insiders Place Their Bets

In related 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

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.