Swiss National Bank Sells 29,200 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Swiss National Bank lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 752,400 shares of the energy company’s stock after selling 29,200 shares during the quarter. Swiss National Bank owned approximately 0.32% of Cheniere Energy worth $128,442,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its stake in Cheniere Energy by 73.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock worth $248,293,000 after buying an additional 631,100 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Cheniere Energy by 702.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock worth $81,421,000 after purchasing an additional 429,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Cheniere Energy by 35.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after purchasing an additional 367,275 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Cheniere Energy by 126.8% in the third quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock valued at $107,131,000 after purchasing an additional 360,915 shares during the last quarter. Finally, Laurion Capital Management LP raised its holdings in Cheniere Energy by 107.2% in the third quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock worth $3,321,000 after purchasing an additional 296,687 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 1.9 %

Shares of NYSE:LNG opened at $157.54 on Friday. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve month high of $183.46. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The firm has a market cap of $36.34 billion, a P/E ratio of 3.89 and a beta of 0.95. The stock has a 50 day simple moving average of $157.83.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $6.89 EPS. The company’s revenue for the quarter was down 41.8% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 8.4 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.10%. Cheniere Energy’s dividend payout ratio (DPR) is presently 4.30%.

Analyst Ratings Changes

LNG has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Redburn Atlantic initiated coverage on Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. UBS Group lowered their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, TD Cowen lowered their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $193.90.

About Cheniere Energy

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.