Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Cadence Bank

Cadence Bank trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 19.7% in the third quarter, HoldingsChannel.com reports. The firm owned 1,414 shares of the energy company’s stock after selling 346 shares during the quarter. Cadence Bank’s holdings in Cheniere Energy were worth $254,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy in the third quarter valued at $27,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC grew its holdings in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the third quarter worth about $28,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNG. Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen upped their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.89.

Cheniere Energy Stock Down 0.1 %

Shares of NYSE:LNG opened at $221.77 on Thursday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm’s 50-day simple moving average is $194.29 and its 200-day simple moving average is $180.07. The company has a market cap of $49.76 billion, a price-to-earnings ratio of 14.16 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating 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 analyst estimates of $3.76 billion. During the same quarter in the previous year, the company earned $2.37 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 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.