Kingfisher Capital LLC Sells 753 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Kingfisher Capital LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.1% during the third quarter, Holdings Channel.com reports. The fund owned 13,941 shares of the energy company’s stock after selling 753 shares during the quarter. Kingfisher Capital LLC’s holdings in Cheniere Energy were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after buying an additional 42,737 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in Cheniere Energy during the first quarter valued at approximately $818,000. M&G PLC boosted its holdings in shares of Cheniere Energy by 21.0% in the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after purchasing an additional 46,602 shares during the period. Jennison Associates LLC boosted its stake in Cheniere Energy by 2.9% during the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after buying an additional 37,729 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Cheniere Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock valued at $20,436,000 after purchasing an additional 2,768 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.1 %

NYSE LNG opened at $221.77 on Friday. 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 company’s fifty day simple moving average is $195.08 and its 200-day simple moving average is $180.36. The stock has a market cap of $49.76 billion, a P/E ratio of 14.16 and a beta of 0.94. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm earned $2.37 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LNG. UBS Group increased their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. 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 target for the company. Stifel Nicolaus decreased their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. TD Cowen upped 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. Finally, Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.89.

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.