Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.4% in the 4th quarter, HoldingsChannel reports. The firm owned 36,761 shares of the energy company’s stock after selling 3,830 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Cheniere Energy were worth $7,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNG. Atomi Financial Group Inc. lifted its position in shares of Cheniere Energy by 24.3% in the fourth quarter. Atomi Financial Group Inc. now owns 2,319 shares of the energy company’s stock valued at $498,000 after acquiring an additional 454 shares in the last quarter. Royal Fund Management LLC lifted its holdings in Cheniere Energy by 2.4% in the 4th quarter. Royal Fund Management LLC now owns 17,322 shares of the energy company’s stock valued at $3,722,000 after purchasing an additional 407 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter worth about $173,000. Ballentine Partners LLC raised its position in shares of Cheniere Energy by 2.7% in the fourth quarter. Ballentine Partners LLC now owns 4,354 shares of the energy company’s stock valued at $936,000 after buying an additional 114 shares during the last quarter. Finally, Gemmer Asset Management LLC purchased a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $224,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on LNG. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Scotiabank upped their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday. The Goldman Sachs Group raised their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company raised their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $231.64.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $233.47 on Thursday. The company’s fifty day simple moving average is $221.23 and its 200-day simple moving average is $196.72. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The company has a market cap of $52.38 billion, a PE ratio of 14.91 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Cheniere Energy Company 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.