Cozad Asset Management Inc. Trims Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Cozad Asset Management Inc. lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,992 shares of the energy company’s stock after selling 257 shares during the quarter. Cozad Asset Management Inc.’s holdings in Cheniere Energy were worth $7,519,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC raised its position in shares of Cheniere Energy by 4.4% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 489,305 shares of the energy company’s stock valued at $105,137,000 after buying an additional 20,541 shares during the period. Parallel Advisors LLC increased its holdings in Cheniere Energy by 0.8% in the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock valued at $1,513,000 after purchasing an additional 59 shares during the last quarter. SouthState Corp increased its holdings in Cheniere Energy by 5.0% in the 4th quarter. SouthState Corp now owns 25,970 shares of the energy company’s stock valued at $5,580,000 after purchasing an additional 1,245 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Cheniere Energy by 25.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,144 shares of the energy company’s stock valued at $246,000 after purchasing an additional 232 shares during the last quarter. Finally, Basso Capital Management L.P. increased its holdings in Cheniere Energy by 3.0% in the 4th quarter. Basso Capital Management L.P. now owns 3,450 shares of the energy company’s stock valued at $741,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNG. Morgan Stanley lifted their target price 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 lifted their target price 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. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Barclays boosted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One research 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 an average rating of “Moderate Buy” and an average price target of $236.33.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $218.61 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a fifty day moving average price of $224.85 and a 200 day moving average price of $207.63. The company has a market cap of $48.90 billion, a P/E ratio of 15.36 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results 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 firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy’s payout ratio is currently 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.