Whittier Trust Co. Has $1.95 Million Stake in Cheniere Energy, Inc. $LNG

Whittier Trust Co. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 87.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,375 shares of the energy company’s stock after selling 58,530 shares during the quarter. Whittier Trust Co.’s holdings in Cheniere Energy were worth $1,945,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Cheniere Energy by 0.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock valued at $1,141,473,000 after buying an additional 26,843 shares during the period. Norges Bank acquired a new position in shares of Cheniere Energy during the second quarter valued at $957,425,000. Geode Capital Management LLC boosted its holdings in Cheniere Energy by 1.9% in the second quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock valued at $940,578,000 after acquiring an additional 70,475 shares during the last quarter. TD Asset Management Inc increased its position in Cheniere Energy by 1.5% in the second quarter. TD Asset Management Inc now owns 1,990,748 shares of the energy company’s stock worth $484,787,000 after purchasing an additional 28,742 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Cheniere Energy by 0.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock worth $449,364,000 after purchasing an additional 8,740 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank reaffirmed an “outperform” rating and issued a $266.00 target price on shares of Cheniere Energy in a research note on Friday, January 16th. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Bank of America dropped their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Wolfe Research set a $220.00 price target on Cheniere Energy and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $263.29.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Cheniere Energy Price Performance

Shares of LNG stock opened at $207.28 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $246.42. The firm has a fifty day moving average of $199.30 and a 200-day moving average of $218.77. The firm has a market capitalization of $44.62 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 6.67 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter last year, the business posted $3.93 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.