Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 32.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,148 shares of the energy company’s stock after selling 547 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Cheniere Energy were worth $206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Cheniere Energy by 195.1% in the 3rd 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 1,490.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after buying an additional 1,834,347 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Cheniere Energy by 328.2% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after acquiring an additional 685,662 shares during the period. Darlington Partners Capital Management LP raised its position in Cheniere Energy by 74.6% in the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after acquiring an additional 647,096 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after acquiring an additional 413,744 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNG. Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Barclays lifted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.56.

Cheniere Energy Trading Down 0.7 %

Shares of NYSE LNG opened at $213.06 on Friday. The firm has a market capitalization of $47.80 billion, a PE ratio of 13.61 and a beta of 0.97. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $228.10. 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 business has a 50-day moving average price of $203.27 and a two-hundred day moving average price of $185.26.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS 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 firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $2.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. As a group, analysts predict 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. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) 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.