Trust Co. of Vermont Has $5.85 Million Position in Cheniere Energy, Inc. $LNG

Trust Co. of Vermont boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 13.4% in the third quarter, Holdings Channel reports. The institutional investor owned 24,883 shares of the energy company’s stock after buying an additional 2,946 shares during the period. Trust Co. of Vermont’s holdings in Cheniere Energy were worth $5,847,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter valued at approximately $335,000. Price T Rowe Associates Inc. MD grew its stake in shares of Cheniere Energy by 2.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 395,638 shares of the energy company’s stock worth $91,552,000 after purchasing an additional 9,036 shares during the last quarter. CW Advisors LLC acquired a new stake in Cheniere Energy in the first quarter valued at $479,000. Ameriprise Financial Inc. raised its position in Cheniere Energy by 33.4% during the 1st quarter. Ameriprise Financial Inc. now owns 293,875 shares of the energy company’s stock worth $68,034,000 after purchasing an additional 73,650 shares during the last quarter. Finally, Compound Planning Inc. lifted its holdings in Cheniere Energy by 24.1% during the 1st quarter. Compound Planning Inc. now owns 2,877 shares of the energy company’s stock worth $666,000 after buying an additional 558 shares during the period. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho raised their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Cheniere Energy in a report on Wednesday, December 17th. Raymond James Financial restated a “strong-buy” rating and set a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Scotiabank lowered their target price on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a report on Thursday, November 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $267.53.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $189.29 on Tuesday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $257.65. The business has a 50-day simple moving average of $208.18 and a 200 day simple moving average of $225.62. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a market capitalization of $40.74 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 4.65 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the prior year, the company posted $3.93 earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a yield of 1.2%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Insider Buying and Selling

In related news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, the director owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.