Exchange Traded Concepts LLC Cuts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Exchange Traded Concepts LLC cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225,461 shares of the energy company’s stock after selling 5,725 shares during the period. Cheniere Energy accounts for 1.0% of Exchange Traded Concepts LLC’s holdings, making the stock its 13th biggest position. Exchange Traded Concepts LLC owned about 0.10% of Cheniere Energy worth $48,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC acquired a new stake in Cheniere Energy in the 4th quarter valued at about $2,127,000. Insight Wealth Strategies LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $4,455,000. Covea Finance raised its position in shares of Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after buying an additional 19,200 shares during the period. Kathmere Capital Management LLC acquired a new position in Cheniere Energy in the fourth quarter valued at approximately $245,000. Finally, Continuum Advisory LLC grew its position in Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after acquiring an additional 3,828 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.0 %

LNG opened at $236.75 on Friday. The business has a 50 day simple moving average of $221.70 and a 200-day simple moving average of $196.97. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The stock has a market capitalization of $53.12 billion, a P/E ratio of 15.12 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping 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 business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.37 EPS. On average, equities 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 declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Analysts Set New Price Targets

LNG has been the subject of a number of recent analyst reports. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Royal Bank of Canada boosted their price target 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. Scotiabank upped their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays lifted their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $231.64.

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.