Cheniere Energy, Inc. $LNG Stock Position Lessened by Lbp Am Sa

Lbp Am Sa trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 37.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,081 shares of the energy company’s stock after selling 2,982 shares during the period. Lbp Am Sa’s holdings in Cheniere Energy were worth $1,194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. grew its stake in Cheniere Energy by 718.1% during the 2nd quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after acquiring an additional 1,465 shares in the last quarter. Morningstar Investment Management LLC acquired a new stake in shares of Cheniere Energy during the second quarter worth approximately $1,723,000. Railway Pension Investments Ltd boosted its holdings in shares of Cheniere Energy by 62.9% during the third quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after purchasing an additional 300,100 shares during the period. QRG Capital Management Inc. grew its position in Cheniere Energy by 3.3% during the second quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Cheniere Energy by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock valued at $26,360,000 after buying an additional 4,083 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director W Benjamin Moreland purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares in the company, valued at $2,052,216.32. This trade represents a 102.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Trading Up 1.1%

Shares of NYSE:LNG opened at $207.91 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $44.75 billion, a PE ratio of 11.58, a P/E/G ratio of 6.61 and a beta of 0.26. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $246.42. The firm has a fifty day moving average price of $199.10 and a 200 day moving average price of $218.48.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.93 earnings per share. Analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of research reports. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Jefferies Financial Group set a $251.00 price objective on Cheniere Energy in a report on Sunday. Weiss Ratings cut Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Barclays cut their price target on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.29.

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.