Intech Investment Management LLC Has $5.78 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Intech Investment Management LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 32.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 32,155 shares of the energy company’s stock after selling 15,146 shares during the period. Intech Investment Management LLC’s holdings in Cheniere Energy were worth $5,783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy during the 2nd quarter valued at $27,000. Carolinas Wealth Consulting LLC boosted its position in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy in the third quarter valued at $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the third quarter valued at about $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $222.66 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $225.44. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock’s 50-day simple moving average is $191.92 and its 200 day simple moving average is $178.59. The firm has a market capitalization of $49.96 billion, a PE ratio of 14.22 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $2.37 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. On average, analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of research reports. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays lifted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. TD Cowen upped their price objective on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $208.44.

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.