Hennessy Advisors Inc. Reduces Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Hennessy Advisors Inc. reduced its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,347 shares of the energy company's stock after selling 13,500 shares during the quarter. Hennessy Advisors Inc. owned about 0.07% of Cheniere Energy worth $31,660,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LNG. Octavia Wealth Advisors LLC raised its holdings in shares of Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock worth $269,000 after buying an additional 54 shares during the last quarter. MAI Capital Management increased its position 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 valued at $756,000 after acquiring an additional 62 shares during the period. Sapient Capital LLC raised its stake in Cheniere Energy by 0.9% in the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after acquiring an additional 67 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in Cheniere Energy by 2.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 2,590 shares of the energy company's stock worth $557,000 after acquiring an additional 74 shares during the period. Finally, Quarry LP grew its stake in Cheniere Energy by 7.6% during the 3rd quarter. Quarry LP now owns 1,057 shares of the energy company's stock valued at $190,000 after purchasing an additional 75 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE LNG traded down $0.96 during trading hours on Friday, reaching $252.70. The company's stock had a trading volume of 2,454,749 shares, compared to its average volume of 1,232,545. The firm has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. The company's 50-day moving average is $219.76 and its two-hundred day moving average is $195.48. 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, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the company posted $2.37 EPS. The business's quarterly revenue was down 9.5% on a year-over-year basis. On average, equities analysts predict that Cheniere Energy, Inc. will post 12.66 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. Cheniere Energy's dividend payout ratio (DPR) is 12.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $231.18.

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.