Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,032,652 shares of the energy company’s stock after selling 13,294 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.45% of Cheniere Energy worth $185,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LNG. The Manufacturers Life Insurance Company increased its position in Cheniere Energy by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after buying an additional 413,744 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in shares of Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after acquiring an additional 273,588 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Cheniere Energy by 7.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after acquiring an additional 202,097 shares during the period. Canada Pension Plan Investment Board lifted its position in Cheniere Energy by 5.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after purchasing an additional 99,678 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Cheniere Energy by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock valued at $346,268,000 after purchasing an additional 240,427 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LNG shares. Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays increased their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Two equities 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 stock has an average rating of “Moderate Buy” and an average target price of $200.00.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $187.55 on Monday. The firm has a 50-day moving average of $183.29 and a two-hundred day moving average of $173.48. The company has a market capitalization of $42.44 billion, a price-to-earnings ratio of 11.98 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $193.16.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 42.29%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 10.11 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 11.11%.

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.