Lewis Asset Management LLC Trims Stake in Cheniere Energy, Inc. (NYSE:LNG)

Lewis Asset Management LLC decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,940 shares of the energy company’s stock after selling 98 shares during the quarter. Lewis Asset Management LLC’s holdings in Cheniere Energy were worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB boosted its stake in Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy in the third quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy during the second quarter worth approximately $30,000. Finally, Adirondack Trust Co. purchased a new position in Cheniere Energy during the fourth quarter worth approximately $43,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Scotiabank increased their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. TD Cowen boosted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $232.36.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $228.14 on Thursday. 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 stock has a market capitalization of $51.19 billion, a price-to-earnings ratio of 14.57 and a beta of 0.99. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The company’s 50-day simple moving average is $222.87 and its 200-day simple moving average is $198.62.

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 return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio is presently 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.