Cheniere Energy, Inc. (NYSE:LNG) Stake Trimmed by SCP Investment LP

SCP Investment LP decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 56.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,800 shares of the energy company's stock after selling 5,000 shares during the period. Cheniere Energy makes up about 0.5% of SCP Investment LP's portfolio, making the stock its 22nd largest position. SCP Investment LP's holdings in Cheniere Energy were worth $683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNG. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter valued at approximately $26,000. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth about $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy during the 2nd quarter valued at about $27,000. Carolinas Wealth Consulting LLC raised its holdings in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock worth $27,000 after buying an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the third quarter worth approximately $27,000. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on LNG. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price on the stock. UBS Group upped their price target 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 raised their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barclays raised their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $208.44.

Cheniere Energy Trading Up 0.3 %

Shares of NYSE:LNG traded up $0.60 during trading on Wednesday, reaching $220.64. 1,525,581 shares of the stock were exchanged, compared to its average volume of 1,782,514. The firm has a market cap of $49.50 billion, a price-to-earnings ratio of 14.06 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $220.79. The firm's 50-day moving average price is $189.22 and its 200 day moving average price is $177.50. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $2.37 EPS. The business's revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.91%. Cheniere Energy's dividend payout ratio is currently 12.77%.

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.