Tidal Investments LLC Sells 10,435 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Tidal Investments LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 41.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,904 shares of the energy company’s stock after selling 10,435 shares during the quarter. Tidal Investments LLC’s holdings in Cheniere Energy were worth $2,680,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Octavia Wealth Advisors LLC raised its holdings 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 valued at $269,000 after acquiring an additional 54 shares in the last quarter. MAI Capital Management raised its stake in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after purchasing an additional 62 shares in the last quarter. Sapient Capital LLC lifted its position in Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after purchasing an additional 67 shares during the period. Capital Advisors Ltd. LLC grew its stake in Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after buying an additional 68 shares in the last quarter. Finally, Quarry LP increased its holdings in Cheniere Energy by 7.6% in the 3rd quarter. Quarry LP now owns 1,057 shares of the energy company’s stock valued at $190,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LNG. Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays raised 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, TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.25.

Cheniere Energy Trading Down 0.7 %

Shares of LNG stock opened at $213.06 on Monday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. The stock’s fifty day simple moving average is $203.27 and its 200 day simple moving average is $185.48. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $47.80 billion, a P/E ratio of 13.61 and a beta of 0.97.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating 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 last year, the firm posted $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.