Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Cadence Bank

Cadence Bank trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 19.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,414 shares of the energy company’s stock after selling 346 shares during the quarter. Cadence Bank’s holdings in Cheniere Energy were worth $254,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LNG. Russell Investments Group Ltd. purchased a new position in Cheniere Energy in the first quarter worth approximately $34,000. Lazard Asset Management LLC increased its position in shares of Cheniere Energy by 20.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,795 shares of the energy company’s stock worth $772,000 after purchasing an additional 827 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in Cheniere Energy in the 1st quarter valued at about $818,000. B. Riley Wealth Advisors Inc. acquired a new position in Cheniere Energy in the first quarter valued at about $304,000. Finally, Tidal Investments LLC boosted its stake in Cheniere Energy by 100.7% during the first quarter. Tidal Investments LLC now owns 29,928 shares of the energy company’s stock worth $4,825,000 after buying an additional 15,019 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $221.77 on Thursday. The business’s 50-day moving average is $194.29 and its two-hundred day moving average is $180.07. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market capitalization of $49.76 billion, a P/E ratio of 14.16 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. 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 prior year, the firm earned $2.37 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s payout ratio is 12.77%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $212.89.

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.