Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Alerus Financial NA

Alerus Financial NA reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,031 shares of the energy company’s stock after selling 1,139 shares during the period. Alerus Financial NA’s holdings in Cheniere Energy were worth $2,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNG. denkapparat Operations GmbH purchased a new stake in shares of Cheniere Energy in the 4th quarter worth about $330,000. Orion Portfolio Solutions LLC lifted its holdings in shares of Cheniere Energy by 5.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 14,786 shares of the energy company’s stock valued at $3,177,000 after purchasing an additional 724 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $48,000. Norges Bank purchased a new position in shares of Cheniere Energy during the 4th quarter worth approximately $629,197,000. Finally, Blair William & Co. IL raised its position in shares of Cheniere Energy by 1.3% during the 4th quarter. Blair William & Co. IL now owns 49,426 shares of the energy company’s stock worth $10,620,000 after purchasing an additional 613 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on LNG. Argus started coverage on Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target for the company. 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 research note on Friday, January 31st. Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group upped their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $239.79.

Cheniere Energy Stock Down 2.4 %

NYSE LNG opened at $226.76 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The business has a 50 day moving average price of $224.08 and a two-hundred day moving average price of $210.14. The stock has a market cap of $50.72 billion, a PE ratio of 15.94 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating 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 analyst estimates of $4.44 billion. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is owned by insiders.

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.