Brown Advisory Inc. Sells 10,990 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Brown Advisory Inc. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 71,994 shares of the energy company's stock after selling 10,990 shares during the period. Brown Advisory Inc.'s holdings in Cheniere Energy were worth $15,469,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. World Investment Advisors LLC acquired a new position in Cheniere Energy in the third quarter valued at about $225,000. Wilmington Savings Fund Society FSB acquired a new position in Cheniere Energy in the third quarter valued at about $159,000. GAMMA Investing LLC boosted its position in Cheniere Energy by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 1,351 shares of the energy company's stock valued at $290,000 after buying an additional 146 shares in the last quarter. Fortem Financial Group LLC acquired a new position in Cheniere Energy in the fourth quarter valued at about $239,000. Finally, Diversified Trust Co acquired a new position in Cheniere Energy in the fourth quarter valued at about $614,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LNG shares. Argus started coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. StockNews.com cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday. Mizuho raised their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley raised their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $252.23.

Cheniere Energy Trading Down 1.1%

NYSE LNG traded down $2.62 during trading hours on Monday, hitting $231.18. The company's stock had a trading volume of 835,748 shares, compared to its average volume of 1,858,787. The stock has a fifty day moving average of $224.83 and a 200 day moving average of $220.27. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65. The firm has a market capitalization of $51.51 billion, a P/E ratio of 16.25 and a beta of 0.41. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy's dividend payout ratio is currently 14.63%.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company's stock.

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.