Accordant Advisory Group Inc Reduces Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Accordant Advisory Group Inc cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 46.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,404 shares of the energy company’s stock after selling 8,979 shares during the quarter. Cheniere Energy makes up approximately 1.5% of Accordant Advisory Group Inc’s holdings, making the stock its 21st largest holding. Accordant Advisory Group Inc’s holdings in Cheniere Energy were worth $1,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNG. Fisher Asset Management LLC increased its holdings in Cheniere Energy by 9.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,539 shares of the energy company’s stock worth $263,000 after purchasing an additional 138 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Cheniere Energy by 32.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,639 shares of the energy company’s stock worth $587,000 after acquiring an additional 895 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Cheniere Energy by 10.4% in the 1st quarter. AdvisorNet Financial Inc now owns 1,165 shares of the energy company’s stock worth $188,000 after acquiring an additional 110 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Cheniere Energy in the 1st quarter worth approximately $3,855,000. Finally, Annex Advisory Services LLC acquired a new position in shares of Cheniere Energy in the 1st quarter worth approximately $258,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 0.7 %

NYSE:LNG opened at $182.41 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $193.16. The firm has a market capitalization of $41.76 billion, a P/E ratio of 8.89 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The business has a 50 day simple moving average of $183.08 and a 200 day simple moving average of $171.87.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. Equities research analysts predict that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s payout ratio is 8.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Barclays lifted 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. Finally, Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.