Choate Investment Advisors Decreases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Choate Investment Advisors lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,991 shares of the energy company’s stock after selling 174 shares during the quarter. Choate Investment Advisors’ holdings in Cheniere Energy were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Xcel Wealth Management LLC increased its holdings in shares of Cheniere Energy by 3.4% in the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after acquiring an additional 65 shares during the period. Keene & Associates Inc. boosted its position in shares of Cheniere Energy by 3.8% in the 1st quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock worth $290,000 after buying an additional 65 shares in the last quarter. Simon Quick Advisors LLC boosted its position in shares of Cheniere Energy by 3.1% in the 4th quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock worth $373,000 after buying an additional 66 shares in the last quarter. E&G Advisors LP raised its stake in Cheniere Energy by 5.2% in the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after purchasing an additional 70 shares during the last quarter. Finally, Syon Capital LLC raised its stake in Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LNG. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen raised their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Redburn Atlantic started coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price on the stock. Finally, UBS Group lowered their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $198.64.

Cheniere Energy Trading Down 0.0 %

Shares of LNG traded down $0.06 during trading hours on Monday, hitting $177.50. 1,529,463 shares of the stock traded hands, compared to its average volume of 1,925,195. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $183.46. The stock has a market capitalization of $40.63 billion, a price-to-earnings ratio of 8.65 and a beta of 0.96. The firm has a fifty day simple moving average of $162.92.

Cheniere Energy (NYSE:LNG) last released its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the company posted $6.89 EPS. The company’s quarterly revenue was down 41.8% compared to the same quarter last year. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 8.33 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

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.