PDS Planning Inc Sells 94 Shares of Cheniere Energy, Inc. (NYSE:LNG)

PDS Planning Inc trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,329 shares of the energy company’s stock after selling 94 shares during the quarter. PDS Planning Inc’s holdings in Cheniere Energy were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LNG. Victory Capital Management Inc. raised its position in shares of Cheniere Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock worth $20,436,000 after acquiring an additional 2,768 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Cheniere Energy by 14.9% during the third quarter. OneDigital Investment Advisors LLC now owns 4,529 shares of the energy company’s stock worth $815,000 after acquiring an additional 588 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Cheniere Energy by 3.1% during the third quarter. CIBC Asset Management Inc now owns 15,497 shares of the energy company’s stock worth $2,787,000 after acquiring an additional 465 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Cheniere Energy by 134.7% during the third quarter. Natixis Advisors LLC now owns 67,907 shares of the energy company’s stock worth $12,212,000 after acquiring an additional 38,976 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Cheniere Energy by 89.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company’s stock worth $1,069,000 after purchasing an additional 2,808 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LNG shares. Mizuho raised their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group raised their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. TD Cowen raised their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.79.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $224.07 on Wednesday. The business’s fifty day simple moving average is $224.84 and its 200 day simple moving average is $208.17. The firm has a market capitalization of $50.12 billion, a P/E ratio of 15.75 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65. 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 (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s payout ratio is presently 14.05%.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s 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 sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

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.