Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Eagle Global Advisors LLC

Eagle Global Advisors LLC cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,945 shares of the energy company's stock after selling 73,825 shares during the period. Cheniere Energy accounts for about 2.6% of Eagle Global Advisors LLC's investment portfolio, making the stock its 9th biggest position. Eagle Global Advisors LLC owned approximately 0.13% of Cheniere Energy worth $62,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock valued at $1,220,858,000 after buying an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Cheniere Energy by 10.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after purchasing an additional 379,142 shares during the period. Invesco Ltd. raised its stake in Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after buying an additional 450,031 shares during the period. Norges Bank acquired a new position in Cheniere Energy in the fourth quarter valued at about $629,197,000. Finally, Amundi raised its position in shares of Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after purchasing an additional 448,189 shares during the period. Institutional investors own 87.26% of the company's stock.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the firm'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 value of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Trading Down 2.3%

NYSE LNG traded down $5.37 during trading on Monday, hitting $228.44. The stock had a trading volume of 1,115,695 shares, compared to its average volume of 1,859,953. The stock has a 50 day simple moving average of $224.83 and a 200 day simple moving average of $220.27. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market capitalization of $50.90 billion, a price-to-earnings ratio of 16.05 and a beta of 0.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). The company had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Cheniere Energy's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.13 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be given a $0.50 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research reports. StockNews.com cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday. Mizuho boosted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Stifel Nicolaus cut their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. TD Cowen increased their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Friday. Finally, UBS Group reissued a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Two 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.23.

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.