Zurcher Kantonalbank Zurich Cantonalbank Purchases 8,568 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,979 shares of the energy company’s stock after acquiring an additional 8,568 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cheniere Energy were worth $12,458,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Miracle Mile Advisors LLC bought a new stake in Cheniere Energy during the fourth quarter valued at $2,127,000. Fractal Investments LLC raised its holdings in shares of Cheniere Energy by 31.0% during the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after purchasing an additional 14,000 shares during the period. Anderson Hoagland & Co. acquired a new position in shares of Cheniere Energy during the fourth quarter valued at about $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cheniere Energy by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after purchasing an additional 8,756 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at about $4,455,000. Institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the 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 completion of the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LNG shares. Barclays upped their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley upped their price objective 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. TD Cowen upped their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Stifel Nicolaus upped their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.33.

Cheniere Energy Trading Up 1.9 %

Shares of LNG stock opened at $215.39 on Thursday. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a 50-day simple moving average of $225.12 and a two-hundred day simple moving average of $207.02. The company has a market capitalization of $48.17 billion, a price-to-earnings ratio of 15.14 and a beta of 0.94.

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

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

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.