Duff & Phelps Investment Management Co. Cuts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Duff & Phelps Investment Management Co. decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 705,232 shares of the energy company's stock after selling 81,241 shares during the quarter. Cheniere Energy makes up 1.5% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 20th biggest holding. Duff & Phelps Investment Management Co. owned approximately 0.31% of Cheniere Energy worth $126,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LNG. Continuum Advisory LLC increased its stake in shares of Cheniere Energy by 42.1% during the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company's stock worth $2,323,000 after buying an additional 3,828 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Cheniere Energy by 13.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 79,135 shares of the energy company's stock valued at $14,232,000 after purchasing an additional 9,419 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of Cheniere Energy by 455.5% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 6,388 shares of the energy company's stock valued at $1,149,000 after purchasing an additional 5,238 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Cheniere Energy by 16.0% during the 3rd quarter. MML Investors Services LLC now owns 48,124 shares of the energy company's stock worth $8,655,000 after purchasing an additional 6,640 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Cheniere Energy by 3.5% during the third quarter. Orion Portfolio Solutions LLC now owns 14,062 shares of the energy company's stock worth $2,529,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

NYSE:LNG traded down $7.64 during trading hours on Monday, reaching $214.29. 1,967,059 shares of the company's stock were exchanged, compared to its average volume of 1,766,602. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $228.10. 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 capitalization of $48.08 billion, a price-to-earnings ratio of 14.17 and a beta of 0.97. The company has a 50-day moving average of $200.29 and a 200 day moving average of $183.44.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business's revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.37 earnings per share. Research analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio is presently 12.77%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Stifel Nicolaus upped their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. 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. Finally, 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 for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and an average target price of $216.56.

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.