Arete Wealth Advisors LLC Sells 547 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Arete Wealth Advisors LLC trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 32.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,148 shares of the energy company’s stock after selling 547 shares during the period. Arete Wealth Advisors LLC’s holdings in Cheniere Energy were worth $206,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after purchasing an additional 37,729 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after buying an additional 3,828 shares during the last quarter. M&G PLC boosted its stake in shares of Cheniere Energy by 21.0% during the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after acquiring an additional 46,602 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Cheniere Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock valued at $20,436,000 after acquiring an additional 2,768 shares during the last quarter. Finally, Nwam LLC bought a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $2,747,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.7 %

LNG stock opened at $213.06 on Friday. The business’s 50-day simple moving average is $203.27 and its 200 day simple moving average is $185.26. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market cap of $47.80 billion, a PE ratio of 13.61 and a beta of 0.97. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.37 earnings per share. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.25 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is 12.77%.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent analyst reports. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. TD Cowen upped their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $216.56.

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.