Harbour Capital Advisors LLC Lowers Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Harbour Capital Advisors LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,949 shares of the energy company’s stock after selling 188 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Cheniere Energy were worth $2,881,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LNG. Octavia Wealth Advisors LLC increased its holdings in Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after buying an additional 54 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Cheniere Energy by 1.5% in the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock worth $756,000 after acquiring an additional 62 shares during the last quarter. Sapient Capital LLC increased its stake in Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after purchasing an additional 67 shares during the period. Quarry LP boosted its position in Cheniere Energy by 7.6% in the 3rd quarter. Quarry LP now owns 1,057 shares of the energy company’s stock valued at $190,000 after buying an additional 75 shares during the period. Finally, CWM LLC increased its stake in shares of Cheniere Energy by 2.4% during the third quarter. CWM LLC now owns 3,238 shares of the energy company’s stock worth $582,000 after buying an additional 76 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group lifted their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. UBS Group raised their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Scotiabank initiated coverage on shares of Cheniere Energy in a research report on Friday. They set a “sector outperform” rating and a $242.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $226.55.

Cheniere Energy Price Performance

NYSE:LNG traded up $4.08 during mid-day trading on Monday, reaching $229.30. 1,034,566 shares of the stock were exchanged, compared to its average volume of 1,440,160. 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 business has a fifty day moving average price of $215.00 and a 200 day moving average price of $193.12. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $229.63. The firm has a market capitalization of $51.45 billion, a PE ratio of 14.64 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.37 earnings per share. Research analysts expect that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

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.