Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,875 shares of the energy company’s stock after selling 133 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Cheniere Energy were worth $3,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNG. Octavia Wealth Advisors LLC boosted its stake in Cheniere Energy by 3.7% in the 3rd 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 last quarter. Signature Wealth Management Group boosted its position in shares of Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after acquiring an additional 66 shares during the last quarter. Sapient Capital LLC grew its holdings in Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 67 shares during the period. Capital Advisors Ltd. LLC grew its holdings in Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after purchasing an additional 68 shares during the period. Finally, E&G Advisors LP increased its position in Cheniere Energy by 5.2% during the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock worth $229,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday. They set a “buy” rating and a $215.00 price target for the company. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Cheniere Energy Trading Down 0.1 %

LNG opened at $182.19 on Monday. The firm’s 50 day moving average is $183.11 and its 200-day moving average is $171.51. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $193.16. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $41.71 billion, a P/E ratio of 8.87 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. Analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

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.