Swiss National Bank Has $122.20 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Swiss National Bank cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 679,500 shares of the energy company's stock after selling 3,400 shares during the period. Swiss National Bank owned 0.30% of Cheniere Energy worth $122,201,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LNG. MCF Advisors LLC bought a new position in Cheniere Energy during the second quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the second quarter worth approximately $27,000. Carolinas Wealth Consulting LLC boosted its stake 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 worth $27,000 after buying an additional 150 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Cheniere Energy in the 3rd quarter valued at about $28,000. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LNG shares. UBS Group increased their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a report on Friday. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a "buy" rating and a $215.00 target price on the stock. Barclays upped their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. TD Cowen raised their price objective on Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus cut their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and a consensus price target of $208.44.

Cheniere Energy Stock Performance

NYSE:LNG traded up $3.47 during trading hours on Tuesday, hitting $218.22. 1,300,688 shares of the company traded hands, compared to its average volume of 1,779,514. 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 has a 50-day moving average of $188.37 and a 200 day moving average of $177.06. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $218.56. The stock has a market capitalization of $48.96 billion, a price-to-earnings ratio of 13.72 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results 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 return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm posted $2.37 earnings per share. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. Cheniere Energy's payout ratio is presently 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.