Stock Yards Bank & Trust Co. Makes New $208,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Stock Yards Bank & Trust Co. acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,217 shares of the energy company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. Canada Pension Plan Investment Board boosted its position in Cheniere Energy by 73.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock worth $248,293,000 after purchasing an additional 631,100 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Cheniere Energy by 702.1% during the third quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock worth $81,421,000 after buying an additional 429,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Cheniere Energy by 35.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock worth $232,319,000 after buying an additional 367,275 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Cheniere Energy by 126.8% during the third quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock worth $107,131,000 after buying an additional 360,915 shares in the last quarter. Finally, Laurion Capital Management LP lifted its holdings in shares of Cheniere Energy by 107.2% during the third quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock worth $3,321,000 after buying an additional 296,687 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. TD Cowen dropped their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Barclays lifted their target price on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Finally, Redburn Atlantic assumed coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $193.90.

Cheniere Energy Stock Down 1.0 %

Cheniere Energy stock opened at $157.36 on Thursday. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The company has a 50-day simple moving average of $157.95. The company has a market capitalization of $36.30 billion, a PE ratio of 3.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $15.78 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s dividend payout ratio (DPR) is currently 4.30%.

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.