Westover Capital Advisors LLC Acquires 1,319 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Westover Capital Advisors LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 47.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,119 shares of the energy company’s stock after purchasing an additional 1,319 shares during the period. Westover Capital Advisors LLC’s holdings in Cheniere Energy were worth $885,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in shares of Cheniere Energy by 3.4% during the third quarter. US Bancorp DE now owns 14,536 shares of the energy company’s stock worth $2,614,000 after acquiring an additional 479 shares during the period. Farther Finance Advisors LLC grew its stake in Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after purchasing an additional 128 shares in the last quarter. Van ECK Associates Corp increased its holdings in Cheniere Energy by 6.9% during the 3rd quarter. Van ECK Associates Corp now owns 112,652 shares of the energy company’s stock worth $20,599,000 after purchasing an additional 7,258 shares during the period. National Pension Service raised its position in Cheniere Energy by 4.7% during the 3rd quarter. National Pension Service now owns 493,280 shares of the energy company’s stock valued at $88,534,000 after purchasing an additional 22,314 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Cheniere Energy by 8.1% in the 3rd quarter. QRG Capital Management Inc. now owns 60,676 shares of the energy company’s stock worth $10,912,000 after buying an additional 4,549 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 3.5 %

Shares of NYSE:LNG opened at $220.50 on Tuesday. The business’s 50-day moving average is $224.50 and its 200 day moving average is $205.57. 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 1 year low of $152.31 and a 1 year high of $257.65. The firm has a market capitalization of $49.32 billion, a P/E ratio of 15.50 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion for 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%. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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 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 yield of 0.91%. Cheniere Energy’s payout ratio is 14.05%.

Analyst Upgrades and Downgrades

LNG has been the topic of several research reports. Stifel Nicolaus raised their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group boosted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays lifted 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. Finally, Wells Fargo & Company increased their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.75.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Cheniere Energy Company 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.