Cheniere Energy, Inc. $LNG Position Trimmed by Rational Advisors Inc.

Rational Advisors Inc. decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 51.6% during the second quarter, Holdings Channel.com reports. The firm owned 4,400 shares of the energy company’s stock after selling 4,700 shares during the period. Rational Advisors Inc.’s holdings in Cheniere Energy were worth $1,052,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in shares of Cheniere Energy by 2.8% during the fourth quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock worth $1,200,299,000 after purchasing an additional 167,622 shares during the period. Norges Bank purchased a new position in Cheniere Energy during the fourth quarter valued at approximately $731,774,000. Wellington Management Group LLP increased its stake in Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after buying an additional 1,656,194 shares during the period. Victory Capital Management Inc. increased its stake in Cheniere Energy by 12.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock valued at $443,031,000 after buying an additional 253,469 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Cheniere Energy by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock worth $440,047,000 after buying an additional 134,695 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of LNG opened at $282.36 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The firm has a market cap of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01. The firm’s 50 day moving average price is $260.25 and its 200 day moving average price is $253.19. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the prior year, the firm earned $7.30 earnings per share. The business’s revenue was up 23.5% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s payout ratio is presently 16.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wolfe Research reissued an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Barclays increased their price objective on Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Royal Bank Of Canada lifted their price objective on Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Finally, TD Cowen boosted their target price on Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $304.35.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.