Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lowered its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 22.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,602 shares of the energy company's stock after selling 2,434 shares during the quarter. Lindbrook Capital LLC's holdings in Cheniere Energy were worth $1,547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LNG. Crewe Advisors LLC bought a new position in shares of Cheniere Energy during the first quarter worth $26,000. MCF Advisors LLC bought a new position in Cheniere Energy during the second quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC lifted its position in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter worth about $27,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on LNG. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a report on Friday, August 9th. Barclays boosted their price objective 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. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of "Moderate Buy" and an average target price of $201.89.

Cheniere Energy Stock Up 2.1 %

Shares of Cheniere Energy stock traded up $4.17 during trading on Friday, reaching $205.67. The company's stock had a trading volume of 2,087,452 shares, compared to its average volume of 1,720,240. The company has a 50-day simple moving average of $184.62 and a two-hundred day simple moving average of $174.57. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $206.18. The company has a market cap of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data 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 net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $2.37 earnings per share. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 10.84 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy's dividend payout ratio is currently 11.11%.

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.