Cheniere Energy, Inc. $LNG Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,611,873 shares of the energy company’s stock after selling 196,952 shares during the period. Ninety One UK Ltd’s holdings in Cheniere Energy were worth $378,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $125,000. Merit Financial Group LLC lifted its holdings in shares of Cheniere Energy by 4.7% during the third quarter. Merit Financial Group LLC now owns 10,297 shares of the energy company’s stock worth $2,420,000 after purchasing an additional 464 shares during the period. Lewis Asset Management LLC grew its position in Cheniere Energy by 1.4% in the 3rd quarter. Lewis Asset Management LLC now owns 3,848 shares of the energy company’s stock valued at $904,000 after buying an additional 53 shares during the last quarter. SL Advisors LLC increased its stake in Cheniere Energy by 1.2% in the 3rd quarter. SL Advisors LLC now owns 18,435 shares of the energy company’s stock valued at $4,332,000 after buying an additional 226 shares during the period. Finally, Continuum Advisory LLC increased its stake in Cheniere Energy by 1.9% in the 3rd quarter. Continuum Advisory LLC now owns 14,373 shares of the energy company’s stock valued at $3,377,000 after buying an additional 270 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 0.5%

Shares of Cheniere Energy stock opened at $194.37 on Thursday. The company has a 50-day moving average of $203.84 and a two-hundred day moving average of $223.57. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $257.65. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The stock has a market cap of $41.84 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 4.74 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the firm posted $3.93 EPS. The company’s revenue was up 18.0% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.1%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Insider Buying and Selling at Cheniere Energy

In other news, Director W Benjamin Moreland purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the purchase, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This represents a 102.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on LNG shares. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Bank of America reduced their price objective on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. BMO Capital Markets reiterated an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a research report on Wednesday, December 17th. The Goldman Sachs Group reissued a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research note on Monday, November 3rd. Finally, Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $267.53.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.