M&T Bank Corp Has $4.24 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

M&T Bank Corp trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,301 shares of the energy company's stock after selling 1,537 shares during the quarter. M&T Bank Corp's holdings in Cheniere Energy were worth $4,235,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in Cheniere Energy by 4.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after purchasing an additional 243,418 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Cheniere Energy by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after acquiring an additional 379,142 shares during the period. Invesco Ltd. raised its holdings in Cheniere Energy by 16.1% in the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after acquiring an additional 450,031 shares in the last quarter. Norges Bank bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $629,197,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cheniere Energy by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock valued at $469,448,000 after acquiring an additional 59,281 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Up 0.4%

Shares of Cheniere Energy stock traded up $0.85 on Friday, hitting $235.08. The stock had a trading volume of 1,706,075 shares, compared to its average volume of 1,845,504. The stock has a 50 day moving average of $235.81 and a 200 day moving average of $228.00. The firm has a market capitalization of $52.14 billion, a P/E ratio of 17.14 and a beta of 0.42. Cheniere Energy, Inc. has a twelve month low of $167.66 and a twelve month high of $257.65. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19.

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 for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The company's revenue was up 28.0% compared to the same quarter last year. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Cheniere Energy's payout ratio is 14.63%.

Analysts Set New Price Targets

LNG has been the subject of several recent analyst reports. Bank of America upped their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. 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. Scotiabank decreased their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. UBS Group restated a "buy" rating and set a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Finally, Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.36.

Insiders Place Their Bets

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the sale, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

Cheniere Energy 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.