Community Trust & Investment Co. Purchases 1,223 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Community Trust & Investment Co. raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 137,333 shares of the energy company’s stock after buying an additional 1,223 shares during the quarter. Cheniere Energy comprises about 1.8% of Community Trust & Investment Co.’s portfolio, making the stock its 13th largest holding. Community Trust & Investment Co.’s holdings in Cheniere Energy were worth $29,509,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Oak Thistle LLC raised its holdings in shares of Cheniere Energy by 36.1% in the fourth quarter. Oak Thistle LLC now owns 7,462 shares of the energy company’s stock valued at $1,603,000 after purchasing an additional 1,980 shares during the last quarter. Pines Wealth Management LLC bought a new position in Cheniere Energy in the fourth quarter valued at $358,000. SeaCrest Wealth Management LLC grew its position in Cheniere Energy by 2.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,590 shares of the energy company’s stock valued at $557,000 after purchasing an additional 74 shares in the last quarter. Quad Cities Investment Group LLC acquired a new stake in Cheniere Energy in the 4th quarter valued at $211,000. Finally, Quantum Financial Advisors LLC bought a new stake in Cheniere Energy during the 4th quarter worth about $214,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LNG shares. TD Cowen raised their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada boosted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $226.55.

Cheniere Energy Price Performance

NYSE:LNG opened at $243.03 on Wednesday. The company has a market cap of $54.53 billion, a P/E ratio of 15.52 and a beta of 0.99. The firm’s fifty day moving average price is $216.82 and its two-hundred day moving average price is $194.00. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $243.42. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 EPS. Equities analysts expect that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is 12.77%.

Cheniere Energy 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.