Intech Investment Management LLC Lowers Stake in Cheniere Energy, Inc. (NYSE:LNG)

Intech Investment Management LLC reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 32.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,155 shares of the energy company's stock after selling 15,146 shares during the period. Intech Investment Management LLC's holdings in Cheniere Energy were worth $5,783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company's stock valued at $10,936,000 after acquiring an additional 42,737 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in Cheniere Energy during the first quarter valued at approximately $818,000. M&G PLC increased its holdings in Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company's stock valued at $48,390,000 after buying an additional 46,602 shares during the last quarter. Jennison Associates LLC raised its position in Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock worth $238,173,000 after acquiring an additional 37,729 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Cheniere Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock valued at $20,436,000 after purchasing an additional 2,768 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 1.0 %

NYSE:LNG opened at $222.66 on Friday. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 14.22 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $225.44. The stock has a fifty day simple moving average of $191.92 and a 200-day simple moving average of $178.59. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 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 firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.37 earnings per share. The business's revenue for the quarter was down 9.5% on a year-over-year basis. Analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is currently 12.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LNG. TD Cowen lifted their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Barclays boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and an average price target 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.