Meeder Asset Management Inc. Has $693,000 Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Meeder Asset Management Inc. cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 62.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,058 shares of the energy company's stock after selling 6,853 shares during the period. Meeder Asset Management Inc.'s holdings in Cheniere Energy were worth $693,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. raised its holdings in shares of Cheniere Energy by 23.3% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,562 shares of the energy company's stock worth $267,000 after purchasing an additional 295 shares during the period. Retireful LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $671,000. Arlington Trust Co LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $278,000. Stratos Wealth Partners LTD. raised its holdings in shares of Cheniere Energy by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,413 shares of the energy company's stock worth $1,095,000 after purchasing an additional 96 shares during the period. Finally, Stratos Investment Management LLC raised its holdings in shares of Cheniere Energy by 2.4% during the fourth quarter. Stratos Investment Management LLC now owns 19,333 shares of the energy company's stock worth $3,300,000 after purchasing an additional 461 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen dropped their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a report on Tuesday, February 27th. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. Barclays increased their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an "overweight" rating in a report on Wednesday, January 17th. Finally, Mizuho increased their price objective on shares of Cheniere Energy from $187.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, December 15th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Buy" and an average target price of $196.78.

Cheniere Energy Trading Down 0.2 %

LNG traded down $0.38 on Monday, reaching $156.38. The company had a trading volume of 1,353,949 shares, compared to its average volume of 1,934,583. The firm has a fifty day moving average of $160.61. The stock has a market cap of $36.70 billion, a P/E ratio of 3.88 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. Cheniere Energy, Inc. has a one year low of $135.30 and a one year high of $183.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. Cheniere Energy's revenue was down 46.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $15.78 EPS. Research analysts predict that Cheniere Energy, Inc. will post 8.9 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. Cheniere Energy's dividend payout ratio is currently 4.30%.

About Cheniere Energy

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.