Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 65.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 79,987 shares of the energy company’s stock after selling 153,848 shares during the period. Public Sector Pension Investment Board’s holdings in Cheniere Energy were worth $14,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Massachusetts Financial Services Co. MA lifted its position in Cheniere Energy by 1,490.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock worth $342,221,000 after acquiring an additional 1,834,347 shares in the last quarter. Darlington Partners Capital Management LP lifted its position in Cheniere Energy by 74.6% during the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after acquiring an additional 647,096 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after acquiring an additional 413,744 shares in the last quarter. 1832 Asset Management L.P. lifted its position in Cheniere Energy by 854.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company’s stock worth $80,201,000 after acquiring an additional 410,668 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. lifted its position in Cheniere Energy by 9.2% during the 2nd 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 in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on LNG. Stifel Nicolaus dropped their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Barclays boosted 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.89.

Cheniere Energy Stock Down 0.1 %

NYSE:LNG opened at $221.77 on Friday. The firm has a market capitalization of $49.76 billion, a price-to-earnings ratio of 14.16 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The business’s fifty day moving average price is $195.08 and its 200 day moving average price is $180.36.

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, topping 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 analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $2.37 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

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

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.