Daiwa Securities Group Inc. Cuts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Daiwa Securities Group Inc. cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.0% during the third quarter, Holdings Channel reports. The institutional investor owned 30,088 shares of the energy company’s stock after selling 1,907 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cheniere Energy were worth $5,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LNG. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth $26,000. Lynx Investment Advisory acquired a new stake in shares of Cheniere Energy in the second quarter valued at about $27,000. Carolinas Wealth Consulting LLC boosted its holdings in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy during the third quarter worth about $27,000. Finally, Capital Performance Advisors LLP purchased a new position in Cheniere Energy in the third quarter valued at about $28,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen boosted their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays boosted 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. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Finally, Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $212.89.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $221.90 on Wednesday. The stock has a market capitalization of $49.79 billion, a P/E ratio of 14.17 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $225.44. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm’s 50-day moving average is $193.45 and its two-hundred day moving average is $179.78.

Cheniere Energy (NYSE:LNG) last announced its earnings results 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 for 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%. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.37 earnings per share. Equities analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

About Cheniere Energy

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.