Miller Howard Investments Inc. NY Lowers Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Miller Howard Investments Inc. NY lowered its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,757 shares of the energy company's stock after selling 7,045 shares during the period. Miller Howard Investments Inc. NY owned about 0.07% of Cheniere Energy worth $30,004,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Cheniere Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company's stock valued at $2,957,460,000 after buying an additional 223,024 shares during the last quarter. State Street Corp increased its position in Cheniere Energy by 13.6% during the first quarter. State Street Corp now owns 6,934,156 shares of the energy company's stock worth $961,421,000 after buying an additional 830,898 shares during the period. The Manufacturers Life Insurance Company grew its position in Cheniere Energy by 5.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company's stock worth $672,559,000 after purchasing an additional 220,802 shares during the last quarter. Morgan Stanley grew its holdings in shares of Cheniere Energy by 19.4% during the fourth quarter. Morgan Stanley now owns 3,542,925 shares of the energy company's stock worth $531,297,000 after buying an additional 576,067 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Cheniere Energy by 2.2% in the first quarter. Geode Capital Management LLC now owns 3,363,669 shares of the energy company's stock valued at $529,389,000 after purchasing an additional 71,466 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNG has been the topic of several research analyst reports. Barclays boosted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 17th. StockNews.com cut Cheniere Energy from a "buy" rating to a "hold" rating in a report on Monday. Mizuho boosted their target price on shares of Cheniere Energy from $187.00 to $195.00 and gave the company a "buy" rating in a report on Friday, December 15th. Finally, TD Cowen cut their price objective on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $196.78.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded up $0.49 during midday trading on Tuesday, reaching $156.97. 1,149,780 shares of the company's stock traded hands, compared to its average volume of 1,923,039. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46. The firm has a 50 day moving average of $160.11. The stock has a market capitalization of $36.84 billion, a P/E ratio of 3.86 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the company posted $15.78 earnings per share. The company's revenue for the quarter was down 46.9% compared to the same quarter last year. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 8.9 earnings per share 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. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy's dividend payout ratio is 4.30%.

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.