Exchange Traded Concepts LLC Lowers Stake in Cheniere Energy, Inc. (NYSE:LNG)

Exchange Traded Concepts LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 225,461 shares of the energy company’s stock after selling 5,725 shares during the quarter. Cheniere Energy comprises 1.0% of Exchange Traded Concepts LLC’s investment portfolio, making the stock its 13th biggest position. Exchange Traded Concepts LLC’s holdings in Cheniere Energy were worth $48,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy in the third quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the third quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy in the 2nd quarter valued at about $30,000. Finally, Adirondack Trust Co. purchased a new stake in Cheniere Energy during the 4th 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 brokerages have recently issued reports on LNG. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Scotiabank boosted their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday. Stifel Nicolaus raised their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price objective 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. Finally, UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $231.64.

Cheniere Energy Trading Up 1.0 %

Shares of NYSE:LNG opened at $236.75 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $53.12 billion, a P/E ratio of 15.12 and a beta of 0.99. The company has a 50 day moving average of $221.70 and a 200-day moving average of $196.97.

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, beating analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the company posted $2.37 EPS. As a group, analysts anticipate that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. 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 0.84%. Cheniere Energy’s payout ratio is currently 12.77%.

Cheniere Energy Company 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.