Los Angeles Capital Management LLC Has $12.16 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Los Angeles Capital Management LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 85.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,232 shares of the energy company’s stock after selling 419,374 shares during the period. Los Angeles Capital Management LLC’s holdings in Cheniere Energy were worth $12,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LNG. HHM Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. grew its position in Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after acquiring an additional 118 shares during the last quarter. OFI Invest Asset Management acquired a new position in Cheniere Energy during the third quarter worth about $40,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after acquiring an additional 60 shares during the last quarter. Finally, Rational Advisors LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at approximately $59,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Shares of LNG opened at $157.54 on Friday. The business’s 50-day moving average is $157.83. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The company has a market capitalization of $36.34 billion, a P/E ratio of 7.67 and a beta of 0.95. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46.

Cheniere Energy (NYSE:LNG) last released its quarterly 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 firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the business posted $6.89 EPS. The firm’s revenue for the quarter was down 41.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 8.4 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors 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 yield of 1.10%. Cheniere Energy’s payout ratio is 8.48%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LNG shares. Barclays upped 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. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. UBS Group reduced their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Redburn Atlantic began coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price for the company. Finally, TD Cowen reduced their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $193.90.

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.