Meitav Investment House Ltd. Has $26.01 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Meitav Investment House Ltd. lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,500 shares of the energy company's stock after selling 79,500 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.06% of Cheniere Energy worth $26,012,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LNG. HHM Wealth Advisors LLC bought a new position in Cheniere Energy in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in Cheniere Energy during the 1st quarter worth approximately $27,000. Rise Advisors LLC bought a new position in Cheniere Energy during the 3rd quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Cheniere Energy by 203.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company's stock worth $29,000 after purchasing an additional 118 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in Cheniere Energy during the 3rd quarter worth approximately $40,000. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Up 0.5 %

NYSE LNG traded up $0.79 during mid-day trading on Thursday, hitting $158.85. The company's stock had a trading volume of 1,083,907 shares, compared to its average volume of 1,903,611. The firm's 50 day moving average price is $159.18. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve month high of $183.46. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $37.28 billion, a price-to-earnings ratio of 3.92 and a beta of 0.94.

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

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy's payout ratio is currently 4.30%.

Analysts Set New Price Targets

Several research firms have issued reports on LNG. Mizuho raised their price target 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. StockNews.com downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday. Barclays raised their price objective 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. Finally, TD Cowen reduced their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating for the company in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $196.78.

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.

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