Price T Rowe Associates Inc. MD Sells 23,885 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Price T Rowe Associates Inc. MD cut its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 386,602 shares of the energy company's stock after selling 23,885 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.17% of Cheniere Energy worth $83,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNG. MassMutual Private Wealth & Trust FSB raised its stake in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after buying an additional 75 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after purchasing an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the fourth quarter worth about $29,000. Nemes Rush Group LLC grew its holdings in shares of Cheniere Energy by 2,022.2% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after purchasing an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $43,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday. Morgan Stanley raised their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Barclays raised their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Mizuho boosted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Bank of America boosted their price target on shares of Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Cheniere Energy has a consensus rating of "Buy" and a consensus price target of $251.46.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company's stock.

Cheniere Energy Trading Up 2.4 %

Shares of LNG traded up $5.45 on Friday, reaching $235.94. 1,181,229 shares of the company's stock were exchanged, compared to its average volume of 1,871,401. The business has a 50 day moving average price of $222.97 and a two-hundred day moving average price of $217.55. Cheniere Energy, Inc. has a 12 month low of $153.03 and a 12 month high of $257.65. The stock has a market capitalization of $52.57 billion, a P/E ratio of 16.58 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 9th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy's dividend payout ratio is presently 14.05%.

Cheniere Energy 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.