Horizon Kinetics Asset Management LLC Has $84.30 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Horizon Kinetics Asset Management LLC lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 468,764 shares of the energy company's stock after selling 4,605 shares during the period. Cheniere Energy makes up 1.3% of Horizon Kinetics Asset Management LLC's portfolio, making the stock its 11th biggest position. Horizon Kinetics Asset Management LLC owned about 0.21% of Cheniere Energy worth $84,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LNG. The Manufacturers Life Insurance Company grew its position in Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock valued at $921,503,000 after purchasing an additional 413,744 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 valued at $673,927,000 after acquiring an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company's stock worth $566,956,000 after acquiring an additional 273,588 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company's stock worth $510,825,000 after acquiring an additional 202,097 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company's stock valued at $360,259,000 after purchasing an additional 99,678 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded down $4.50 during midday trading on Monday, hitting $218.10. 2,542,489 shares of the company were exchanged, compared to its average volume of 1,785,500. The firm has a 50 day simple moving average of $191.92 and a 200-day simple moving average of $178.90. 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 cap of $48.94 billion, a P/E ratio of 13.93 and a beta of 0.94. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 EPS. Research analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LNG shares. TD Cowen lifted their price target on Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective on the stock. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, UBS Group upped 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $208.44.

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.