Sei Investments Co. Sells 10,578 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Sei Investments Co. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,578 shares of the energy company’s stock after selling 10,578 shares during the quarter. Sei Investments Co. owned about 0.06% of Cheniere Energy worth $30,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased 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 valued at $26,000 after purchasing an additional 75 shares during the last quarter. WR Wealth Planners LLC increased its position in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after acquiring an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at $29,000. Adirondack Trust Co. bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $46,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.29% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $231.85 on Wednesday. The company has a market cap of $51.86 billion, a PE ratio of 16.29 and a beta of 0.94. The firm’s 50 day moving average price is $224.89 and its 200-day moving average price is $209.86. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

Analyst Ratings Changes

A number of research firms recently weighed in on LNG. Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Argus initiated coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 target price on the stock. Finally, TD Cowen lifted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.79.

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.