Denali Advisors LLC Has $5.21 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Denali Advisors LLC reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 24,251 shares of the energy company’s stock after selling 1,549 shares during the period. Denali Advisors LLC’s holdings in Cheniere Energy were worth $5,211,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its position in Cheniere Energy by 9.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 132,933 shares of the energy company’s stock valued at $23,881,000 after purchasing an additional 11,642 shares in the last quarter. Inscription Capital LLC boosted its stake in shares of Cheniere Energy by 12.8% during the 3rd quarter. Inscription Capital LLC now owns 2,699 shares of the energy company’s stock valued at $485,000 after buying an additional 306 shares during the period. abrdn plc grew its holdings in shares of Cheniere Energy by 10.0% during the 3rd quarter. abrdn plc now owns 906,384 shares of the energy company’s stock valued at $163,004,000 after acquiring an additional 82,609 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of Cheniere Energy by 5.6% in the third quarter. Strategic Blueprint LLC now owns 28,101 shares of the energy company’s stock worth $5,054,000 after acquiring an additional 1,499 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Cheniere Energy by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 5,159 shares of the energy company’s stock worth $928,000 after acquiring an additional 146 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 1.7 %

Cheniere Energy stock opened at $216.01 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The firm has a fifty day moving average price of $223.37 and a two-hundred day moving average price of $204.49. The firm has a market cap of $48.31 billion, a price-to-earnings ratio of 15.18 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Cheniere Energy’s payout ratio is 14.05%.

Analysts Set New Price Targets

LNG has been the topic of several research reports. TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley lifted their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, UBS Group lifted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.75.

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.