Cheniere Energy, Inc. (NYSE:LNG) Stake Cut by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 27.2% in the 3rd quarter, Holdings Channel reports. The firm owned 15,585 shares of the energy company’s stock after selling 5,834 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Cheniere Energy were worth $2,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in shares of Cheniere Energy by 2.9% in the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after buying an additional 37,729 shares during the period. Continuum Advisory LLC boosted its stake in Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock valued at $2,323,000 after acquiring an additional 3,828 shares during the period. M&G PLC grew its holdings in shares of Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock valued at $48,390,000 after purchasing an additional 46,602 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Cheniere Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock worth $20,436,000 after purchasing an additional 2,768 shares during the period. Finally, Nwam LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $2,747,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE LNG opened at $213.06 on Friday. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The firm has a market capitalization of $47.80 billion, a PE ratio of 13.61 and a beta of 0.97. The company’s 50 day simple moving average is $203.27 and its 200 day simple moving average is $185.26. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $2.37 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus upped their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. TD Cowen upped their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays lifted their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $216.56.

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.