Mercer Global Advisors Inc. ADV Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Mercer Global Advisors Inc. ADV lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 20.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 43,135 shares of the energy company’s stock after selling 11,406 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Cheniere Energy were worth $9,268,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. WR Wealth Planners LLC increased its stake in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after buying an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $29,000. Nemes Rush Group LLC lifted its position in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after acquiring an additional 182 shares in the last quarter. Finally, Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy in the fourth quarter worth approximately $43,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction on 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 directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Price Performance

LNG stock opened at $235.94 on Friday. Cheniere Energy, Inc. has a 52-week low of $153.03 and a 52-week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $52.57 billion, a price-to-earnings ratio of 16.58 and a beta of 0.67. The business has a fifty day moving average of $223.37 and a two-hundred day moving average of $218.16.

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, beating the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, April 28th. TD Cowen raised their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Mizuho raised their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Finally, Scotiabank dropped their price target on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and an average target price of $251.46.

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.