Invesco LLC Decreases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Invesco LLC lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,899 shares of the energy company’s stock after selling 50 shares during the quarter. Invesco LLC’s holdings in Cheniere Energy were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Cheniere Energy during the second quarter worth about $30,000. Finally, Adirondack Trust Co. purchased a new stake in Cheniere Energy in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LNG. Royal Bank of Canada lifted their price objective 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 boosted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group boosted their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.36.

Cheniere Energy Price Performance

Shares of NYSE LNG traded up $2.09 during trading on Wednesday, hitting $228.56. The company had a trading volume of 228,922 shares, compared to its average volume of 2,309,472. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 14.62 and a beta of 0.99. The stock has a fifty day simple moving average of $222.87 and a two-hundred day simple moving average of $198.62. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 earnings per share. On average, research analysts expect that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

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.