Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 807,327 shares of the energy company's stock after selling 80,156 shares during the period. Russell Investments Group Ltd. owned approximately 0.34% of Cheniere Energy worth $137,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Meixler Investment Management Ltd. lifted its stake in Cheniere Energy by 14.6% in the fourth quarter. Meixler Investment Management Ltd. now owns 1,537 shares of the energy company's stock worth $262,000 after purchasing an additional 196 shares during the last quarter. Golden State Equity Partners increased its position in shares of Cheniere Energy by 6.0% during the fourth quarter. Golden State Equity Partners now owns 2,080 shares of the energy company's stock worth $355,000 after acquiring an additional 117 shares during the period. Raab & Moskowitz Asset Management LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth approximately $201,000. Truist Financial Corp increased its position in shares of Cheniere Energy by 22.4% during the fourth quarter. Truist Financial Corp now owns 30,491 shares of the energy company's stock worth $5,205,000 after acquiring an additional 5,586 shares during the period. Finally, Rather & Kittrell Inc. increased its position in shares of Cheniere Energy by 22.5% during the fourth quarter. Rather & Kittrell Inc. now owns 1,498 shares of the energy company's stock worth $256,000 after acquiring an additional 275 shares during the period. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

NYSE LNG traded down $0.22 on Friday, hitting $159.14. The stock had a trading volume of 1,286,921 shares, compared to its average volume of 1,593,861. The business has a fifty day moving average of $157.96. 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 company has a market capitalization of $36.71 billion, a PE ratio of 3.93 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the company earned $15.78 earnings per share. The business's revenue for the quarter was down 46.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy's dividend payout ratio is currently 4.30%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LNG. StockNews.com lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday, April 8th. Barclays raised 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. UBS Group cut their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a "buy" rating on the stock in a report on Wednesday. TD Cowen cut 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. Finally, Redburn Atlantic began coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a "neutral" rating and a $162.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus price target of $193.90.

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.