Graybill Wealth Management LTD. Has $4.50 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Graybill Wealth Management LTD. lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 23.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 27,877 shares of the energy company’s stock after selling 8,523 shares during the period. Cheniere Energy accounts for 1.9% of Graybill Wealth Management LTD.’s portfolio, making the stock its 28th largest position. Graybill Wealth Management LTD.’s holdings in Cheniere Energy were worth $4,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. Vanguard Group Inc. lifted its position in shares of Cheniere Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock worth $3,845,958,000 after acquiring an additional 151,311 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Cheniere Energy by 5.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock worth $672,559,000 after acquiring an additional 220,802 shares during the period. Pacer Advisors Inc. lifted its position in shares of Cheniere Energy by 3.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock worth $332,886,000 after acquiring an additional 64,297 shares during the period. Norges Bank bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $308,910,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Cheniere Energy by 35.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock worth $232,319,000 after acquiring an additional 367,275 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group cut their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Redburn Atlantic initiated coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, TD Cowen lifted their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $198.64.

Cheniere Energy Stock Up 0.2 %

Shares of LNG traded up $0.36 during trading hours on Thursday, reaching $171.43. The stock had a trading volume of 1,146,117 shares, compared to its average volume of 1,905,179. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 52 week low of $148.45 and a 52 week high of $183.46. The company’s 50-day moving average is $158.94. The company has a market cap of $39.24 billion, a P/E ratio of 8.34 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company earned $6.89 EPS. Cheniere Energy’s quarterly revenue was down 41.8% on a year-over-year basis. As a group, equities analysts expect that Cheniere Energy, Inc. will post 8.33 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, August 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.