Border to Coast Pensions Partnership Ltd Trims Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Border to Coast Pensions Partnership Ltd decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,000 shares of the energy company’s stock after selling 50,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned 0.09% of Cheniere Energy worth $42,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Carolinas Wealth Consulting LLC increased its position in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy in the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Cheniere Energy in the second quarter worth about $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at about $53,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 3.2 %

Shares of LNG opened at $253.76 on Friday. The business’s 50 day simple moving average is $217.79 and its 200-day simple moving average is $194.37. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $254.20. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market capitalization of $56.94 billion, a price-to-earnings ratio of 16.20 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) 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 company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts expect that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.79%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays upped their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday. Royal Bank of Canada raised their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Scotiabank started coverage on Cheniere Energy in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $231.18.

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.