Cresset Asset Management LLC Sells 7,087 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Cresset Asset Management LLC reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 37.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,873 shares of the energy company's stock after selling 7,087 shares during the quarter. Cresset Asset Management LLC's holdings in Cheniere Energy were worth $2,551,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its stake in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC lifted its stake 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 purchasing an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy during the fourth quarter worth about $29,000. Banque Transatlantique SA bought a new position in Cheniere Energy during the fourth quarter worth about $32,000. Finally, Nemes Rush Group LLC lifted its stake in Cheniere Energy by 2,022.2% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after purchasing an additional 182 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on LNG shares. Barclays raised their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group reaffirmed a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Finally, Scotiabank dropped their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating, fourteen 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 a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction 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 transaction, the director now directly owns 33,934 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company's stock.

Cheniere Energy Trading Up 0.7%

LNG traded up $1.53 during trading on Thursday, reaching $234.78. 533,341 shares of the company's stock were exchanged, compared to its average volume of 1,858,005. The company's fifty day moving average price is $225.67 and its 200-day moving average price is $220.76. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $153.03 and a fifty-two week high of $257.65. The firm has a market capitalization of $52.31 billion, a PE ratio of 16.49 and a beta of 0.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the firm posted $2.13 EPS. Cheniere Energy's revenue was up 28.0% on a year-over-year basis. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Cheniere Energy's dividend payout ratio is 14.63%.

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.