Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,031 shares of the energy company’s stock after selling 178 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Cheniere Energy were worth $843,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LNG. Capital World Investors purchased a new stake in Cheniere Energy in the first quarter valued at approximately $391,652,000. Norges Bank purchased a new stake in Cheniere Energy in the fourth quarter valued at approximately $261,515,000. State Street Corp grew its holdings in Cheniere Energy by 13.6% in the first quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock valued at $961,421,000 after purchasing an additional 830,898 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Cheniere Energy by 73.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after purchasing an additional 631,100 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Cheniere Energy by 19.4% in the fourth quarter. Morgan Stanley now owns 3,542,925 shares of the energy company’s stock valued at $531,297,000 after purchasing an additional 576,067 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of several analyst reports. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Mizuho upped their target price on shares of Cheniere Energy from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, December 15th. TD Cowen decreased their target price 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 upped their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $197.10.

Cheniere Energy Stock Up 0.1 %

Shares of NYSE:LNG traded up $0.14 on Friday, reaching $161.28. 1,902,967 shares of the company’s stock were exchanged, compared to its average volume of 2,051,107. The company has a market cap of $37.85 billion, a price-to-earnings ratio of 3.98, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The business has a 50-day simple moving average of $162.53. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm’s revenue was down 46.9% compared to the same quarter last year. During the same period in the prior year, the company earned $15.78 earnings per share. Analysts predict that Cheniere Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. Cheniere Energy’s dividend payout ratio (DPR) is 4.30%.

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.