Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Trimmed by Fmr LLC

Fmr LLC lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,967,222 shares of the energy company’s stock after selling 114,921 shares during the period. Fmr LLC owned approximately 3.11% of Cheniere Energy worth $1,252,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LNG. MCF Advisors LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter worth $26,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy in the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC grew its holdings 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 worth $27,000 after acquiring an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter worth $27,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the 3rd quarter worth $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $221.90 on Wednesday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The business has a 50-day moving average of $193.45 and a two-hundred day moving average of $179.78. The stock has a market capitalization of $49.79 billion, a P/E ratio of 14.17 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm earned $2.37 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LNG shares. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Royal Bank of Canada lifted 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. Barclays lifted 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. Stifel Nicolaus lowered 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. Finally, UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.89.

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.