Caisse DE Depot ET Placement DU Quebec Cuts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 35.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 497,030 shares of the energy company's stock after selling 276,415 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.22% of Cheniere Energy worth $106,797,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC grew its position in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after buying an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy during the 4th quarter worth $29,000. Nemes Rush Group LLC raised its holdings in Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after acquiring an additional 182 shares in the last quarter. Finally, Adirondack Trust Co. bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $43,000. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded down $1.61 during midday trading on Tuesday, hitting $233.90. The company's stock had a trading volume of 608,557 shares, compared to its average volume of 2,248,233. The firm has a market capitalization of $52.12 billion, a price-to-earnings ratio of 16.44 and a beta of 0.41. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65. The stock has a fifty day moving average price of $223.71 and a 200 day moving average price of $218.78. 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 - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price 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. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, Bank of America lifted their price target on Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $251.46.

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.