Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,906,273 shares of the energy company's stock after selling 241,847 shares during the quarter. Royal Bank of Canada owned approximately 0.85% of Cheniere Energy worth $409,601,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LNG. Geneos Wealth Management Inc. raised its position in shares of Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock worth $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock worth $503,000 after buying an additional 46 shares during the last quarter. BIP Wealth LLC lifted its stake in Cheniere Energy by 1.4% in the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after purchasing an additional 50 shares during the last quarter. NDVR Inc. lifted its stake in Cheniere Energy by 4.8% in the fourth quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock valued at $255,000 after purchasing an additional 54 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. TD Cowen raised their price objective on Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Mizuho raised their price objective on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Morgan Stanley increased their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $252.23.

Cheniere Energy Trading Down 0.2%

Shares of LNG stock traded down $0.46 during trading hours on Tuesday, hitting $232.75. The company had a trading volume of 1,404,232 shares, compared to its average volume of 1,863,517. The company's fifty day moving average is $226.92 and its 200 day moving average is $222.28. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $153.03 and a fifty-two week high of $257.65. The stock has a market capitalization of $51.62 billion, a PE ratio of 16.36 and a beta of 0.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. Research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated 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 completion of the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.26% of the company's stock.

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.