Cheniere Energy, Inc. $LNG Stock Sold by Kieckhefer Group LLC

Kieckhefer Group LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 43.1% in the 3rd quarter, Holdings Channel reports. The fund owned 9,514 shares of the energy company’s stock after selling 7,196 shares during the quarter. Cheniere Energy accounts for 1.0% of Kieckhefer Group LLC’s holdings, making the stock its 16th largest holding. Kieckhefer Group LLC’s holdings in Cheniere Energy were worth $2,560,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after purchasing an additional 1,426,058 shares during the last quarter. Wellington Management Group LLP raised its position in Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after purchasing an additional 1,656,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cheniere Energy by 12.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after buying an additional 239,680 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Cheniere Energy by 50.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock worth $246,161,000 after purchasing an additional 289,963 shares in the last quarter. Finally, Chickasaw Capital Management LLC lifted its holdings in Cheniere Energy by 4.4% during the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after buying an additional 37,325 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LNG shares. Barclays lifted their price target on shares of Cheniere Energy from $279.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. TD Cowen lifted their price target on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Argus set a $330.00 price target on Cheniere Energy in a report on Tuesday, August 18th. Finally, UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Buy” and an average price target of $306.47.

Cheniere Energy Trading Up 1.1%

LNG traded up $3.20 during trading on Tuesday, hitting $285.69. The company’s stock had a trading volume of 438,248 shares, compared to its average volume of 2,319,325. The firm’s 50 day moving average price is $274.81 and its 200-day moving average price is $260.88. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The stock has a market cap of $59.00 billion, a PE ratio of 21.27, a PEG ratio of 1.11 and a beta of 0.06. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the business earned $7.30 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, analysts expect that Cheniere Energy, Inc. will post 16.76 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a $0.5550 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is 16.53%.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.