Trust Co. of Vermont Buys 5,448 Shares of Cheniere Energy, Inc. $LNG

Trust Co. of Vermont boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 21.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,331 shares of the energy company’s stock after purchasing an additional 5,448 shares during the quarter. Trust Co. of Vermont’s holdings in Cheniere Energy were worth $5,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Viking Fund Management LLC raised its stake in shares of Cheniere Energy by 66.7% in the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after acquiring an additional 18,000 shares during the last quarter. Railway Pension Investments Ltd grew its stake in shares of Cheniere Energy by 62.9% during the third quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock valued at $182,626,000 after purchasing an additional 300,100 shares during the last quarter. M&G PLC increased its holdings in shares of Cheniere Energy by 49.6% in the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after purchasing an additional 184,520 shares in the last quarter. Waverton Investment Management Ltd raised its position in Cheniere Energy by 35.3% in the 3rd quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock worth $46,244,000 after purchasing an additional 51,326 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Cheniere Energy by 12.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock worth $343,250,000 after purchasing an additional 163,861 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $275.50 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $57.91 billion, a P/E ratio of 11.34 and a beta of 0.13. The business has a 50-day moving average of $239.82 and a 200-day moving average of $221.18. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89.

Cheniere Energy (NYSE:LNGGet Free Report) last released its quarterly earnings data on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, topping the consensus estimate of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm earned $4.33 EPS. Cheniere Energy’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy declared that its board has initiated a share repurchase plan on Thursday, February 26th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the energy company to purchase up to 21.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 6th were given a $0.555 dividend. The ex-dividend date was Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is currently 9.14%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent research reports. Barclays increased their price objective on Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 18th. Wells Fargo & Company cut their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Thursday, February 26th. Finally, BMO Capital Markets boosted their price objective on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $284.29.

Check Out Our Latest Stock Report on LNG

Cheniere Energy News Roundup

Here are the key news stories impacting Cheniere Energy this week:

Cheniere Energy Profile

(Free Report)

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.

Further Reading

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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