Accuvest Global Advisors Trims Stock Holdings in Cheniere Energy, Inc. $LNG

Accuvest Global Advisors decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 37.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,120 shares of the energy company’s stock after selling 664 shares during the period. Accuvest Global Advisors’ holdings in Cheniere Energy were worth $273,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LNG. Pinnacle Bancorp Inc. increased its stake in shares of Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Cheniere Energy in the second quarter worth about $28,000. Richardson Financial Services Inc. purchased a new position in shares of Cheniere Energy in the second quarter worth about $30,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the first quarter worth about $38,000. Finally, WPG Advisers LLC purchased a new position in shares of Cheniere Energy in the first quarter worth about $38,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $212.13 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a one year low of $182.28 and a one year high of $257.65. The stock has a market cap of $46.62 billion, a PE ratio of 12.38, a P/E/G ratio of 6.08 and a beta of 0.37. The firm has a 50 day simple moving average of $231.03 and a two-hundred day simple moving average of $233.19.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 30th. The energy company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the previous year, the company earned $3.93 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LNG. TD Cowen lifted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Mizuho raised their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective for the company. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy has an average rating of “Buy” and an average target price of $267.80.

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.