Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,680 shares of the energy company’s stock after selling 552 shares during the period. Precedent Wealth Partners LLC’s holdings in Cheniere Energy were worth $576,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Cheniere Energy by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after purchasing an additional 167,575 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after acquiring an additional 1,789,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cheniere Energy by 11.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after acquiring an additional 178,318 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in Cheniere Energy by 5.5% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,326,658 shares of the energy company’s stock worth $238,586,000 after purchasing an additional 68,766 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on LNG shares. UBS Group raised their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays boosted 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, January 16th. Scotiabank increased their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. TD Cowen boosted their target price 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. Finally, Royal Bank of Canada raised their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.64.

Cheniere Energy Stock Performance

Shares of LNG opened at $231.73 on Friday. The stock has a market capitalization of $51.99 billion, a P/E ratio of 14.80 and a beta of 0.99. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The firm’s 50 day moving average is $222.57 and its 200-day moving average is $197.62. 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 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 the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.37 EPS. Equities research analysts anticipate that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed 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 0.86%. Cheniere Energy’s payout ratio is 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.