Atria Wealth Solutions Inc. Lowers Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Atria Wealth Solutions Inc. reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 46.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,014 shares of the energy company’s stock after selling 6,131 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Cheniere Energy were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after purchasing an additional 167,575 shares during the period. Wellington Management Group LLP grew its position in shares of Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cheniere Energy by 11.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after buying an additional 178,318 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Cheniere Energy by 61.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after purchasing an additional 631,787 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

NYSE LNG opened at $220.90 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market capitalization of $49.56 billion, a price-to-earnings ratio of 15.52 and a beta of 0.98. The company has a 50 day simple moving average of $223.08 and a 200-day simple moving average of $203.98. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Cheniere Energy’s payout ratio is 14.05%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Scotiabank increased their price target on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $235.75.

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.