Lindbrook Capital LLC Trims Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Lindbrook Capital LLC lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 22.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,602 shares of the energy company’s stock after selling 2,434 shares during the quarter. Lindbrook Capital LLC’s holdings in Cheniere Energy were worth $1,547,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Applied Finance Capital Management LLC lifted its holdings in shares of Cheniere Energy by 193.8% during the third quarter. Applied Finance Capital Management LLC now owns 16,013 shares of the energy company’s stock worth $2,880,000 after purchasing an additional 10,563 shares during the period. AEGON ASSET MANAGEMENT UK Plc raised its position in Cheniere Energy by 0.9% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 72,290 shares of the energy company’s stock worth $12,998,000 after buying an additional 625 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in Cheniere Energy by 6.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 17,714 shares of the energy company’s stock valued at $3,186,000 after acquiring an additional 1,050 shares during the period. Fiera Capital Corp increased its stake in shares of Cheniere Energy by 11.2% in the third quarter. Fiera Capital Corp now owns 53,589 shares of the energy company’s stock worth $9,637,000 after acquiring an additional 5,378 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy in the third quarter worth $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 2.1 %

Cheniere Energy stock opened at $205.67 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.93. The stock has a market capitalization of $46.15 billion, a PE ratio of 13.13 and a beta of 0.94. The business has a 50 day simple moving average of $184.62 and a 200-day simple moving average of $174.57. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $206.18.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.37 EPS. On average, analysts anticipate that Cheniere Energy, Inc. will post 10.56 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 11.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LNG shares. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, TD Cowen raised their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.89.

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.