Farmers Trust Co. Sells 2,233 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Farmers Trust Co. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,051 shares of the energy company’s stock after selling 2,233 shares during the period. Cheniere Energy comprises approximately 1.2% of Farmers Trust Co.’s investment portfolio, making the stock its 19th largest holding. Farmers Trust Co.’s holdings in Cheniere Energy were worth $6,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LNG. The Manufacturers Life Insurance Company grew its position in shares of Cheniere Energy by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after purchasing an additional 167,575 shares in the last quarter. Wellington Management Group LLP grew its position in Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after purchasing an additional 202,097 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Cheniere Energy by 5.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after acquiring an additional 99,678 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.4 %

Shares of NYSE:LNG traded up $0.89 during trading on Wednesday, reaching $224.40. 984,120 shares of the stock were exchanged, compared to its average volume of 1,402,295. The stock has a fifty day moving average of $212.70 and a two-hundred day moving average of $191.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $228.10. 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 cap of $50.35 billion, a price-to-earnings ratio of 14.33 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm earned $2.37 earnings per share. Research analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. UBS Group raised their price objective 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 upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Barclays upped their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

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.