Stokes Capital Advisors LLC Cuts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Stokes Capital Advisors LLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,313 shares of the energy company’s stock after selling 230 shares during the period. Cheniere Energy makes up 1.6% of Stokes Capital Advisors LLC’s portfolio, making the stock its 29th largest holding. Stokes Capital Advisors LLC’s holdings in Cheniere Energy were worth $6,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Cheniere Energy in the second quarter valued at about $30,000. City Holding Co. acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $50,000. Finally, ORG Wealth Partners LLC purchased a new stake in Cheniere Energy during the third quarter worth about $53,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.4 %

Shares of LNG stock opened at $252.70 on Monday. The company has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average price of $219.76 and a 200 day moving average price of $195.63. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last posted 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 net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the business posted $2.37 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LNG shares. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Scotiabank started coverage on Cheniere Energy in a research report on Friday, January 10th. They set a “sector outperform” rating and a $242.00 target price on the stock. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, TD Cowen boosted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has an average 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.