Vident Advisory LLC Buys 17,347 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Vident Advisory LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 433.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,347 shares of the energy company's stock after purchasing an additional 17,347 shares during the period. Vident Advisory LLC's holdings in Cheniere Energy were worth $4,587,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after buying an additional 75 shares during the period. WR Wealth Planners LLC grew its stake in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after acquiring an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth about $29,000. Banque Transatlantique SA acquired a new stake in Cheniere Energy during the 4th quarter valued at approximately $32,000. Finally, Nemes Rush Group LLC raised its position in shares of 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 purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

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 stock was 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 approximately $7,448,852.34. The trade was a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LNG has been the subject of several research analyst reports. Argus initiated coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price for the company. Scotiabank lowered their target price on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Raymond James reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Mizuho upped their price target 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. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, May 9th. 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. According to MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and an average price target of $252.23.

Cheniere Energy Price Performance

NYSE:LNG traded up $0.62 on Monday, reaching $229.13. The stock had a trading volume of 1,351,360 shares, compared to its average volume of 1,868,020. Cheniere Energy, Inc. has a 1-year low of $153.03 and a 1-year high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a fifty day moving average price of $227.79 and a 200-day moving average price of $223.25. The company has a market capitalization of $50.82 billion, a P/E ratio of 16.10 and a beta of 0.41.

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

Cheniere Energy Dividend Announcement

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

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.