Thrivent Financial for Lutherans Sells 180 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Thrivent Financial for Lutherans cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,765 shares of the energy company’s stock after selling 180 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Cheniere Energy were worth $1,238,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Cheniere Energy by 1,400.7% during the fourth quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock valued at $324,393,000 after buying an additional 1,409,116 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Cheniere Energy by 328.2% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock valued at $160,885,000 after acquiring an additional 685,662 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after acquiring an additional 631,787 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Cheniere Energy in the 4th quarter valued at approximately $130,772,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Stock Up 2.3 %

NYSE LNG opened at $231.41 on Tuesday. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $51.76 billion, a P/E ratio of 16.26 and a beta of 0.94. The stock’s 50-day moving average price is $223.12 and its 200-day moving average price is $211.32.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate 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 net margin of 20.71% and a return on equity of 37.19%. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Barclays upped their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Mizuho raised their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.79.

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.