Mutual Advisors LLC Decreases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Mutual Advisors LLC trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,338 shares of the energy company’s stock after selling 233 shares during the period. Mutual Advisors LLC’s holdings in Cheniere Energy were worth $1,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy during the second quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy during the 3rd quarter worth approximately $27,000. Lynx Investment Advisory purchased a new stake in Cheniere Energy during the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC raised its position in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of Cheniere Energy during the 1st quarter valued at approximately $26,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Cheniere Energy Trading Down 1.9 %

Shares of NYSE:LNG opened at $187.67 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The company’s 50-day moving average price is $183.29 and its 200 day moving average price is $173.23. The company has a market cap of $42.46 billion, a PE ratio of 10.00 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $193.16.

Cheniere Energy (NYSE:LNG) last released its quarterly 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 return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 10.11 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 9.28%.

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.