ProShare Advisors LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 13.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,457 shares of the energy company’s stock after selling 2,638 shares during the quarter. ProShare Advisors LLC’s holdings in Cheniere Energy were worth $4,427,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of LNG. Bank of New York Mellon Corp acquired a new position in shares of Cheniere Energy during the 2nd quarter worth approximately $502,015,000. Wellington Management Group LLP increased its holdings in shares of Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in shares of Cheniere Energy by 6,513.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after purchasing an additional 556,203 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Cheniere Energy by 50.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after buying an additional 289,963 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of Cheniere Energy by 61.1% in the second quarter. Alyeska Investment Group L.P. now owns 632,971 shares of the energy company’s stock valued at $151,286,000 after buying an additional 239,956 shares in the last quarter. 87.26% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on LNG. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. TD Cowen lifted their target price on Cheniere Energy from $325.00 to $352.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a $336.00 target price on shares of Cheniere Energy in a report on Saturday, October 10th. Argus set a $330.00 price target on Cheniere Energy in a research report on Tuesday, August 18th. Finally, Scotiabank increased their price target on Cheniere Energy from $311.00 to $327.00 and gave the company a “sector outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $324.41.
Read Our Latest Analysis on LNG
Cheniere Energy Stock Performance
Shares of LNG opened at $279.17 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76. The stock has a 50-day moving average of $283.53 and a 200-day moving average of $257.64. The company has a market cap of $57.01 billion, a PE ratio of 19.48, a P/E/G ratio of 0.90 and a beta of 0.01. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $330.73.
Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 26.73% and a net margin of 13.08%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the firm posted $7.30 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy, Inc. will post 21.74 EPS for the current fiscal year.
Cheniere Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be given a dividend of $0.6250 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.5550. The ex-dividend date is Monday, November 9th. This represents a $2.50 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 17.45%.
Key Stories Impacting Cheniere Energy
Here are the key news stories impacting Cheniere Energy this week:
- Positive Sentiment: Strong Buy upgrade: Zacks Research raised its rating on Cheniere from Hold to Strong Buy, adding to the positive analyst sentiment around the stock. Zacks Research upgrade
- Positive Sentiment: Potential U.S. LNG demand: QatarEnergy is reportedly negotiating long-term contracts for an additional 3 million to 6 million tons of U.S. LNG per year to diversify supply. More export demand could benefit U.S. LNG producers, although the reports do not name Cheniere as a supplier in these talks. QatarEnergy explores additional U.S. LNG deals
- Positive Sentiment: Higher outlook and analyst optimism: Recent coverage says Cheniere raised its 2026 outlook following strong third-quarter results. Scotiabank also increased its price target, while TD Cowen expects the shares to rise. Higher 2026 outlook
- Neutral Sentiment: Momentum accompanied by valuation caution: Cheniere has been highlighted as a momentum stock, but coverage also cautions investors against a potential gas-market bubble. Cheniere momentum and gas-market caution
- Negative Sentiment: Mixed analyst signal and financing: Wolfe Research lowered its rating to Peer Perform, tempering the bullish calls. Cheniere also priced a $1.2 billion senior-notes offering due 2037; the added debt financing may raise concerns about borrowing costs and leverage. Wolfe Research rating change Senior notes offering
About Cheniere Energy
Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.
Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.
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