Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 35.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,475 shares of the energy company’s stock after selling 29,510 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cheniere Energy were worth $9,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Syon Capital LLC boosted its position in Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after acquiring an additional 73 shares during the last quarter. Meritage Portfolio Management boosted its holdings in Cheniere Energy by 6.7% in the 4th quarter. Meritage Portfolio Management now owns 140,193 shares of the energy company’s stock valued at $23,932,000 after purchasing an additional 8,860 shares during the last quarter. BIP Wealth LLC acquired a new position in Cheniere Energy in the 4th quarter valued at about $593,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Cheniere Energy by 5.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,149 shares of the energy company’s stock valued at $1,050,000 after purchasing an additional 298 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in Cheniere Energy by 0.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 24,439 shares of the energy company’s stock valued at $4,172,000 after purchasing an additional 186 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.1 %

LNG traded down $0.22 during trading hours on Friday, hitting $159.14. 1,223,179 shares of the company’s stock were exchanged, compared to its average volume of 1,885,020. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The stock’s 50 day moving average price is $157.98. The stock has a market cap of $36.71 billion, a price-to-earnings ratio of 3.93 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63.

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

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s payout ratio is 4.30%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent analyst reports. UBS Group decreased their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday. TD Cowen decreased their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Barclays boosted their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Finally, Redburn Atlantic began coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $193.90.

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.