Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,052 shares of the energy company’s stock after selling 63 shares during the period. Wesbanco Bank Inc.’s holdings in Cheniere Energy were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNG. XTX Topco Ltd acquired a new position in shares of Cheniere Energy in the second quarter worth $210,000. AE Wealth Management LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at about $490,000. Gabelli Funds LLC lifted its holdings in Cheniere Energy by 90.3% in the 2nd quarter. Gabelli Funds LLC now owns 5,900 shares of the energy company’s stock valued at $1,031,000 after purchasing an additional 2,800 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Cheniere Energy by 176.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 578 shares of the energy company’s stock worth $106,000 after purchasing an additional 369 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Cheniere Energy by 35.0% in the second quarter. Marshall Wace LLP now owns 63,609 shares of the energy company’s stock valued at $11,121,000 after buying an additional 16,499 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus raised their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group raised their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

Cheniere Energy Trading Down 1.1 %

Shares of LNG stock opened at $231.73 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 $152.31 and a fifty-two week high of $257.65. The firm’s 50 day moving average price is $222.18 and its two-hundred day moving average price is $197.23. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 14.80 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the business posted $2.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, analysts anticipate that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.