Janus Henderson Group PLC Decreases Position in Cheniere Energy, Inc. (NYSE:LNG)

Janus Henderson Group PLC decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 44.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,636 shares of the energy company's stock after selling 88,705 shares during the quarter. Janus Henderson Group PLC's holdings in Cheniere Energy were worth $20,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNG. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company's stock worth $10,936,000 after buying an additional 42,737 shares during the last quarter. Jennison Associates LLC lifted its holdings 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 valued at $238,173,000 after acquiring an additional 37,729 shares during the period. M&G PLC boosted its position in Cheniere Energy by 21.0% in the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company's stock worth $48,390,000 after purchasing an additional 46,602 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Cheniere Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock worth $20,436,000 after purchasing an additional 2,768 shares during the period. Finally, Nwam LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $2,747,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LNG shares. 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 research report on Friday, November 15th. TD Cowen upped their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Barclays raised their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Stifel Nicolaus upped their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $216.56.

Cheniere Energy Trading Down 1.8 %

Shares of Cheniere Energy stock traded down $3.99 during trading hours on Friday, hitting $221.93. The company's stock had a trading volume of 1,286,273 shares, compared to its average volume of 1,638,297. The stock has a market cap of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.97. 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, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. The firm has a fifty day moving average of $200.29 and a 200-day moving average of $183.44.

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. The company had revenue of $3.76 billion during 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%. Cheniere Energy's revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.37 earnings per share. Research analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given 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 dividend yield of 0.90%. Cheniere Energy's dividend payout ratio is currently 12.77%.

Cheniere Energy 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.