Liberty One Investment Management LLC Decreases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Liberty One Investment Management LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 16.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,520 shares of the energy company’s stock after selling 672 shares during the period. Liberty One Investment Management LLC’s holdings in Cheniere Energy were worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC purchased a new stake in Cheniere Energy in the fourth quarter valued at $2,127,000. Insight Wealth Strategies LLC purchased a new position in Cheniere Energy during the fourth quarter valued at approximately $4,455,000. Covea Finance lifted its holdings in Cheniere Energy by 18.8% in the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after acquiring an additional 19,200 shares during the period. Continuum Advisory LLC boosted its position in Cheniere Energy by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Cheniere Energy by 2.9% during the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after purchasing an additional 37,729 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the subject of several analyst reports. 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 note on Wednesday, December 4th. TD Cowen increased their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, UBS Group raised their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.18.

Cheniere Energy Stock Performance

NYSE LNG opened at $252.70 on Friday. 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’s 50 day simple moving average is $219.76 and its 200-day simple moving average is $195.48. The company has a market cap of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.37 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

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