Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Citizens Business Bank

Citizens Business Bank reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,152 shares of the energy company’s stock after selling 370 shares during the period. Cheniere Energy accounts for about 1.3% of Citizens Business Bank’s investment portfolio, making the stock its 21st biggest holding. Citizens Business Bank’s holdings in Cheniere Energy were worth $6,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after acquiring an additional 167,575 shares during the period. Wellington Management Group LLP boosted its position in shares of Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after buying an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after buying an additional 1,789,919 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after buying an additional 273,588 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after buying an additional 202,097 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. TD Cowen boosted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group boosted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $216.56.

Cheniere Energy Price Performance

NYSE LNG opened at $212.97 on Wednesday. The stock has a market capitalization of $47.78 billion, a P/E ratio of 13.60 and a beta of 0.97. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $228.10. The business’s fifty day moving average is $200.98 and its two-hundred day moving average is $183.85. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for 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 firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 earnings per share. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.25 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. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

About Cheniere Energy

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.