Park Place Capital Corp Lowers Position in Cheniere Energy, Inc. (NYSE:LNG)

Park Place Capital Corp cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 36.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,334 shares of the energy company's stock after selling 1,350 shares during the quarter. Park Place Capital Corp's holdings in Cheniere Energy were worth $502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LNG. Octavia Wealth Advisors LLC lifted its holdings in Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock worth $269,000 after buying an additional 54 shares during the period. Chemistry Wealth Management LLC lifted its stake in shares of Cheniere Energy by 5.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company's stock valued at $267,000 after purchasing an additional 61 shares during the period. Premier Path Wealth Partners LLC grew its stake in Cheniere Energy by 5.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company's stock worth $256,000 after purchasing an additional 61 shares during the period. MAI Capital Management raised its holdings in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company's stock worth $756,000 after purchasing an additional 62 shares in the last quarter. Finally, Sapient Capital LLC lifted its position in Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock valued at $1,351,000 after buying an additional 67 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Scotiabank raised their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a "sector outperform" rating in a research note on Tuesday. Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Stifel Nicolaus raised their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.

Cheniere Energy Stock Performance

Shares of LNG stock traded up $1.00 during trading hours on Thursday, reaching $234.36. The company had a trading volume of 3,085,245 shares, compared to its average volume of 2,369,365. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business has a fifty day moving average price of $221.70 and a 200-day moving average price of $196.97. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The firm has a market cap of $52.58 billion, a PE ratio of 14.97 and a beta of 0.99.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.37 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio is 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.