Los Angeles Capital Management LLC Has $3.77 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Los Angeles Capital Management LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 50.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,982 shares of the energy company's stock after selling 20,961 shares during the period. Los Angeles Capital Management LLC's holdings in Cheniere Energy were worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. Octavia Wealth Advisors LLC boosted its position in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock valued at $269,000 after buying an additional 54 shares during the period. Signature Wealth Management Group increased its holdings in shares of Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock worth $832,000 after buying an additional 66 shares during the last quarter. Sapient Capital LLC lifted its stake in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after acquiring an additional 67 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after buying an additional 68 shares in the last quarter. Finally, Accordant Advisory Group Inc lifted its stake in Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company's stock worth $3,389,000 after purchasing an additional 76 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LNG shares. Bank of America initiated 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. Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Barclays lifted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. TD Cowen upped their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of "Moderate Buy" and a consensus target price of $201.89.

Cheniere Energy Stock Performance

NYSE LNG traded down $4.08 on Wednesday, hitting $210.00. 2,090,662 shares of the company's stock traded hands, compared to its average volume of 1,783,557. The firm has a market capitalization of $47.12 billion, a PE ratio of 13.51 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $217.95. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm's 50-day moving average price is $185.84 and its two-hundred day moving average price is $175.58.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.37 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy's payout ratio is currently 12.77%.

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.