WealthPLAN Partners LLC Lowers Position in Cheniere Energy, Inc. (NYSE:LNG)

WealthPLAN Partners LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.1% during the third quarter, HoldingsChannel reports. The firm owned 10,946 shares of the energy company’s stock after selling 2,108 shares during the period. WealthPLAN Partners LLC’s holdings in Cheniere Energy were worth $1,969,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Cheniere Energy in the third quarter valued at about $851,000. Waverton Investment Management Ltd grew its holdings in Cheniere Energy by 2.0% in the third quarter. Waverton Investment Management Ltd now owns 145,673 shares of the energy company’s stock worth $26,194,000 after purchasing an additional 2,813 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Cheniere Energy by 7.4% during the 3rd quarter. Harbour Investments Inc. now owns 1,194 shares of the energy company’s stock valued at $215,000 after purchasing an additional 82 shares during the last quarter. Entropy Technologies LP boosted its position in shares of Cheniere Energy by 29.1% in the 3rd quarter. Entropy Technologies LP now owns 18,668 shares of the energy company’s stock worth $3,357,000 after purchasing an additional 4,212 shares in the last quarter. Finally, United Capital Management of KS Inc. grew its stake in Cheniere Energy by 3.3% during the 3rd quarter. United Capital Management of KS Inc. now owns 20,913 shares of the energy company’s stock worth $3,761,000 after buying an additional 672 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of research analyst reports. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen boosted their price target on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $201.89.

Cheniere Energy Trading Up 4.5 %

Shares of LNG stock opened at $214.88 on Tuesday. The company has a market cap of $48.21 billion, a price-to-earnings ratio of 13.72 and a beta of 0.94. The stock has a 50 day simple moving average of $184.62 and a 200-day simple moving average of $174.80. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $215.84.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the company posted $2.37 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 11.11%.

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.