Swiss National Bank Reduces Position in Cheniere Energy, Inc. (NYSE:LNG)

Swiss National Bank trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.5% during the third quarter, Holdings Channel reports. The fund owned 679,500 shares of the energy company’s stock after selling 3,400 shares during the quarter. Swiss National Bank’s holdings in Cheniere Energy were worth $122,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MCF Advisors LLC bought a new stake in Cheniere Energy in the second quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the third quarter valued at approximately $27,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy during the second quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC grew its holdings in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy during the third quarter valued at approximately $28,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.2 %

Shares of NYSE:LNG opened at $214.86 on Tuesday. The stock has a market capitalization of $48.21 billion, a PE ratio of 13.72 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $217.95. The firm has a fifty day moving average price of $188.37 and a 200 day moving average price of $177.06. 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 (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 earnings per share. Analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared 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 0.93%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analysts Set New Price Targets

LNG has been the subject of a number of research analyst reports. Barclays upped their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report 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 target price on the stock. 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, TD Cowen upped their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $208.44.

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.