Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,973 shares of the energy company’s stock after selling 77 shares during the period. Albert D Mason Inc.’s holdings in Cheniere Energy were worth $355,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in Cheniere Energy by 8.3% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 532,185 shares of the energy company’s stock valued at $95,708,000 after purchasing an additional 41,005 shares in the last quarter. Graybill Wealth Management LTD. grew its holdings in shares of Cheniere Energy by 0.3% during the 3rd quarter. Graybill Wealth Management LTD. now owns 28,502 shares of the energy company’s stock valued at $5,126,000 after acquiring an additional 90 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Cheniere Energy by 11.3% in the third quarter. Foundations Investment Advisors LLC now owns 58,411 shares of the energy company’s stock worth $10,505,000 after acquiring an additional 5,930 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cheniere Energy by 6,001.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 24,406 shares of the energy company’s stock worth $4,389,000 after acquiring an additional 24,006 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Cheniere Energy by 7,078.5% during the third quarter. Whittier Trust Co. now owns 58,074 shares of the energy company’s stock valued at $10,444,000 after purchasing an additional 57,265 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on LNG. Royal Bank of Canada raised their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Finally, Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $200.00.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $182.41 on Wednesday. The stock has a market cap of $41.76 billion, a price-to-earnings ratio of 8.89 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $193.16. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The business’s 50-day simple moving average is $183.08 and its 200 day simple moving average is $171.87.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 9.76 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a $0.775 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.

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.