Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by AGF Management Ltd.

AGF Management Ltd. decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 466,443 shares of the energy company’s stock after selling 28,671 shares during the period. AGF Management Ltd. owned about 0.21% of Cheniere Energy worth $100,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LNG. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 3.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after buying an additional 167,575 shares during the period. Wellington Management Group LLP lifted its holdings in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after acquiring an additional 1,789,919 shares during the period. Amundi grew its stake in shares of Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after purchasing an additional 448,189 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Cheniere Energy by 11.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after purchasing an additional 178,318 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was 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 owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents 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 0.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LNG. TD Cowen increased 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. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. UBS Group boosted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Thursday. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.33.

Cheniere Energy Stock Down 2.5 %

Shares of Cheniere Energy stock opened at $214.69 on Tuesday. The stock has a market capitalization of $48.02 billion, a price-to-earnings ratio of 15.09 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. 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 business’s 50 day simple moving average is $225.18 and its 200-day simple moving average is $206.77.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $4.44 billion. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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