Waverton Investment Management Ltd Reduces Stake in Cheniere Energy, Inc. (NYSE:LNG)

Waverton Investment Management Ltd trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 0.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,493 shares of the energy company’s stock after selling 180 shares during the period. Waverton Investment Management Ltd owned approximately 0.06% of Cheniere Energy worth $31,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC raised its position in Cheniere Energy by 7.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,240 shares of the energy company’s stock worth $763,000 after purchasing an additional 285 shares during the period. DekaBank Deutsche Girozentrale grew its position in Cheniere Energy by 9.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 132,933 shares of the energy company’s stock valued at $23,881,000 after acquiring an additional 11,642 shares during the last quarter. Kavar Capital Partners Group LLC increased its stake in Cheniere Energy by 1.3% in the third quarter. Kavar Capital Partners Group LLC now owns 18,650 shares of the energy company’s stock worth $3,354,000 after purchasing an additional 235 shares during the period. Canoe Financial LP bought a new stake in shares of Cheniere Energy during the third quarter worth $477,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Cheniere Energy by 12.1% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,031 shares of the energy company’s stock valued at $1,085,000 after purchasing an additional 652 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 2.7 %

Shares of NYSE:LNG opened at $220.90 on Monday. The company has a market capitalization of $49.56 billion, a PE ratio of 15.52 and a beta of 0.98. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The business’s fifty day simple moving average is $223.08 and its 200-day simple moving average is $203.98.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Analysts Set New Price Targets

Several research analysts recently commented on LNG shares. Morgan Stanley raised their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays raised their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $235.75.

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.