Ashton Thomas Private Wealth LLC Decreases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Ashton Thomas Private Wealth LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,580 shares of the energy company’s stock after selling 113 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Cheniere Energy were worth $644,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its stake in Cheniere Energy by 1,490.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock worth $342,221,000 after buying an additional 1,834,347 shares during the period. Darlington Partners Capital Management LP boosted its position in Cheniere Energy by 74.6% during the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after purchasing an additional 647,096 shares during the period. Zimmer Partners LP increased its holdings in Cheniere Energy by 61.4% in the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after purchasing an additional 465,000 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Cheniere Energy in the first quarter valued at about $70,682,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after purchasing an additional 413,744 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $210.61 on Friday. The stock has a market capitalization of $47.25 billion, a price-to-earnings ratio of 13.41 and a beta of 0.94. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $217.95. The company’s 50-day simple moving average is $186.42 and its 200-day simple moving average is $175.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 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 company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LNG shares. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. TD Cowen upped their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Stifel Nicolaus dropped 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. Finally, 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 report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.89.

Cheniere Energy Company 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.