Barclays PLC trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 67.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,912 shares of the energy company's stock after selling 803,779 shares during the quarter. Barclays PLC owned approximately 0.17% of Cheniere Energy worth $69,403,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. Wellington Management Group LLP grew its holdings in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Cheniere Energy by 1,490.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company's stock valued at $342,221,000 after buying an additional 1,834,347 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Cheniere Energy by 328.2% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company's stock worth $160,885,000 after acquiring an additional 685,662 shares during the period. Darlington Partners Capital Management LP grew its stake in shares of Cheniere Energy by 74.6% during the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock worth $264,720,000 after acquiring an additional 647,096 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock worth $921,503,000 after acquiring an additional 413,744 shares during the last quarter. 87.26% of the stock is owned by institutional investors.
Cheniere Energy Price Performance
NYSE:LNG traded down $0.42 during trading hours on Thursday, hitting $214.78. 1,235,035 shares of the company's stock traded hands, compared to its average volume of 1,763,706. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $228.10. The business's fifty day simple moving average is $202.23 and its two-hundred day simple moving average is $184.46. 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 has a market cap of $48.19 billion, a P/E ratio of 13.66 and a beta of 0.97.
Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. The firm 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%. The company's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.37 EPS. On average, research analysts anticipate 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. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Cheniere Energy's dividend payout ratio is presently 12.77%.
Analyst Ratings Changes
A number of equities analysts have weighed in on LNG shares. Royal Bank of Canada increased 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. UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 15th. TD Cowen boosted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, 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 price target for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.56.
View Our Latest Report on LNG
Cheniere Energy Profile
(
Free Report)
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.
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