Cheniere Energy, Inc. $LNG Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 304,262 shares of the energy company’s stock after selling 3,229 shares during the quarter. Rhumbline Advisers’ holdings in Cheniere Energy were worth $71,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LNG. Assetmark Inc. grew its holdings in Cheniere Energy by 718.1% during the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after acquiring an additional 1,465 shares during the period. Railway Pension Investments Ltd boosted its position in shares of Cheniere Energy by 62.9% during the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock valued at $182,626,000 after purchasing an additional 300,100 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Cheniere Energy by 12.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock valued at $343,250,000 after purchasing an additional 163,861 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Cheniere Energy by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock worth $26,360,000 after purchasing an additional 4,083 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Cheniere Energy by 9.5% in the 2nd quarter. Baird Financial Group Inc. now owns 97,267 shares of the energy company’s stock worth $23,686,000 after purchasing an additional 8,449 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on LNG shares. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wolfe Research set a $220.00 price objective on Cheniere Energy and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Bank of America reduced their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Wells Fargo & Company cut their target price on Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Weiss Ratings downgraded Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Trading Down 0.7%

NYSE LNG opened at $217.79 on Friday. The firm’s 50 day moving average price is $200.53 and its two-hundred day moving average price is $217.25. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42. The stock has a market cap of $46.88 billion, a price-to-earnings ratio of 12.13 and a beta of 0.27.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s dividend payout ratio is currently 12.37%.

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.