CWA Asset Management Group LLC Sells 5,883 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

CWA Asset Management Group LLC lessened its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 73.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,094 shares of the energy company’s stock after selling 5,883 shares during the period. CWA Asset Management Group LLC’s holdings in Cheniere Energy were worth $314,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Activest Wealth Management bought a new position in shares of Cheniere Energy in the third quarter valued at approximately $25,000. Optimum Investment Advisors increased its position in shares of Cheniere Energy by 133.3% during the fourth quarter. Optimum Investment Advisors now owns 175 shares of the energy company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Cheniere Energy during the third quarter valued at approximately $36,000. Ronald Blue Trust Inc. purchased a new stake in shares of Cheniere Energy during the second quarter valued at approximately $30,000. Finally, Lumature Wealth Partners LLC purchased a new stake in shares of Cheniere Energy during the third quarter valued at approximately $37,000. Institutional investors own 84.25% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of a number of research analyst reports. Mizuho increased their price target on Cheniere Energy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Raymond James decreased their price target on Cheniere Energy from $210.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Monday, January 23rd. Cowen decreased their price target on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Citigroup decreased their target price on Cheniere Energy from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, January 9th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 target price on shares of Cheniere Energy in a research report on Tuesday, November 22nd. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $201.62.

Insider Activity

In related news, Director Vicky A. Bailey sold 2,700 shares of Cheniere Energy stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total transaction of $382,050.00. Following the completion of the sale, the director now owns 33,862 shares of the company’s stock, valued at $4,791,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by company insiders.

Cheniere Energy Stock Performance

Shares of NYSEAMERICAN LNG opened at $143.87 on Friday. The stock has a market capitalization of $35.77 billion, a PE ratio of -9.42 and a beta of 1.00. Cheniere Energy, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $182.35. The company has a fifty day moving average of $154.06.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The energy company reported $15.78 earnings per share for the quarter, beating the consensus estimate of $7.08 by $8.70. The company had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. The firm’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($5.22) earnings per share. Analysts predict that Cheniere Energy, Inc. will post -7.54 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Tuesday, February 7th were given a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is presently -10.35%.

Cheniere Energy Company Profile

(Get Rating)

Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.