Paragon Advisors LLC Cuts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Paragon Advisors LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.4% during the third quarter, HoldingsChannel reports. The firm owned 18,582 shares of the energy company’s stock after selling 256 shares during the period. Paragon Advisors LLC’s holdings in Cheniere Energy were worth $3,342,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 42,737 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of Cheniere Energy in the 1st quarter worth about $818,000. M&G PLC grew its holdings in shares of Cheniere Energy by 21.0% during the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after acquiring an additional 46,602 shares during the period. Edgestream Partners L.P. raised its holdings in Cheniere Energy by 222.3% in the first quarter. Edgestream Partners L.P. now owns 19,081 shares of the energy company’s stock worth $3,077,000 after purchasing an additional 13,160 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Cheniere Energy by 897.7% during the 1st quarter. Cetera Investment Advisers now owns 74,599 shares of the energy company’s stock valued at $12,031,000 after acquiring an additional 67,122 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $212.30 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. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $217.95. The stock has a fifty day simple moving average of $187.64 and a two-hundred day simple moving average of $176.41. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of 13.56 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Analysts Set New Price Targets

Several analysts recently weighed in on LNG shares. Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada upped 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. TD Cowen raised their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays increased their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.44.

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.