Generate Investment Management Ltd Sells 51,473 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Generate Investment Management Ltd decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 59.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 35,149 shares of the energy company’s stock after selling 51,473 shares during the quarter. Generate Investment Management Ltd’s holdings in Cheniere Energy were worth $6,321,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the second quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cheniere Energy in the 3rd quarter valued at about $27,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy in the second quarter worth about $27,000. Carolinas Wealth Consulting LLC lifted its position in shares of 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 purchasing an additional 150 shares in the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of Cheniere Energy during the first quarter valued at approximately $26,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.2 %

NYSE:LNG opened at $182.12 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $193.16. The firm has a market capitalization of $41.69 billion, a price-to-earnings ratio of 8.87 and a beta of 0.94. The business’s 50-day moving average price is $183.11 and its two-hundred day moving average price is $171.32.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The business 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%. On average, equities analysts expect that Cheniere Energy, Inc. will post 9.76 earnings per share for the current year.

Cheniere Energy Increases Dividend

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

Analyst Upgrades and Downgrades

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

About Cheniere Energy

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.