Sequoia Financial Advisors LLC Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Sequoia Financial Advisors LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 937.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,653 shares of the energy company's stock after buying an additional 58,419 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Cheniere Energy were worth $11,037,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors acquired a new position in shares of Cheniere Energy in the 1st quarter valued at $391,652,000. Norges Bank acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $261,515,000. State Street Corp lifted its stake in shares of Cheniere Energy by 13.6% in the 1st quarter. State Street Corp now owns 6,934,156 shares of the energy company's stock valued at $961,421,000 after purchasing an additional 830,898 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Cheniere Energy by 73.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company's stock valued at $248,293,000 after purchasing an additional 631,100 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Cheniere Energy by 19.4% in the 4th quarter. Morgan Stanley now owns 3,542,925 shares of the energy company's stock valued at $531,297,000 after purchasing an additional 576,067 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

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

Cheniere Energy Price Performance

LNG stock traded up $1.11 during trading hours on Wednesday, reaching $158.15. 1,374,156 shares of the stock were exchanged, compared to its average volume of 1,915,000. The firm's 50-day simple moving average is $159.40. The company has a market cap of $37.12 billion, a P/E ratio of 3.90 and a beta of 0.94. 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 12 month low of $135.30 and a 12 month high of $183.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $3.06. The company had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. Cheniere Energy's revenue for the quarter was down 46.9% compared to the same quarter last year. During the same quarter last year, the company earned $15.78 EPS. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 8.9 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy's payout ratio is 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.