M&T Bank Corp Sells 237 Shares of Cheniere Energy, Inc. (NYSE:LNG)

M&T Bank Corp trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,668 shares of the energy company’s stock after selling 237 shares during the quarter. M&T Bank Corp’s holdings in Cheniere Energy were worth $3,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after buying an additional 167,575 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 valued at $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after buying an additional 273,588 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake 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 buying an additional 202,097 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Trading Down 0.8 %

LNG opened at $212.98 on Friday. The company has a market cap of $47.79 billion, a P/E ratio of 13.60 and a beta of 0.97. The company has a fifty day moving average price of $203.27 and a two-hundred day moving average price of $185.06. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $228.10.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.94%. Cheniere Energy’s payout ratio is 12.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen raised their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Barclays lifted their price target 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. Finally, UBS Group increased their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $216.56.

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.