Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Grimes & Company Inc.

Grimes & Company Inc. lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,318 shares of the energy company’s stock after purchasing an additional 451 shares during the period. Grimes & Company Inc.’s holdings in Cheniere Energy were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB raised its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy during the third quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Cheniere Energy during the third quarter worth $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy during the second quarter worth $30,000. Finally, Adirondack Trust Co. acquired a new position in Cheniere Energy during the fourth quarter worth $43,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LNG shares. The Goldman Sachs Group increased their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Stifel Nicolaus increased their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. UBS Group increased their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Scotiabank upped their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $231.64.

Cheniere Energy Stock Performance

Shares of LNG opened at $231.73 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $51.99 billion, a PE ratio of 14.80 and a beta of 0.99. The company’s 50 day simple moving average is $222.57 and its 200-day simple moving average is $197.62. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65.

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

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) 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.