Courier Capital LLC Cuts Position in Cheniere Energy, Inc. (NYSE:LNG)

Courier Capital LLC lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 26.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,143 shares of the energy company’s stock after selling 3,344 shares during the period. Courier Capital LLC’s holdings in Cheniere Energy were worth $1,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy in the third quarter worth $27,000. Carolinas Wealth Consulting LLC raised its holdings in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Cheniere Energy during the second quarter valued at approximately $30,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Cheniere Energy during the third quarter valued at approximately $53,000. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LNG. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Scotiabank assumed coverage on shares of Cheniere Energy in a report on Friday. They set a “sector outperform” rating and a $242.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, UBS Group lifted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $226.55.

Cheniere Energy Price Performance

Shares of LNG traded up $4.47 during mid-day trading on Monday, reaching $229.69. The stock had a trading volume of 1,787,360 shares, compared to its average volume of 1,549,250. The business has a fifty day moving average of $215.00 and a 200 day moving average of $193.12. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a market cap of $51.53 billion, a price-to-earnings ratio of 14.67 and a beta of 0.99. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $230.11.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. 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 prior year, the business posted $2.37 EPS. Cheniere Energy’s revenue for the quarter was down 9.5% compared to the same quarter last year. Equities analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Cheniere Energy’s payout ratio is 12.77%.

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.