Centiva Capital LP Trims Stake in Cheniere Energy, Inc. (NYSE:LNG)

Centiva Capital LP lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 10.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,542 shares of the energy company’s stock after selling 1,850 shares during the quarter. Centiva Capital LP’s holdings in Cheniere Energy were worth $2,975,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Cheniere Energy in the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in Cheniere Energy in the 2nd quarter valued at $27,000. Carolinas Wealth Consulting LLC raised its holdings in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy in the 3rd quarter valued at $27,000. Finally, Capital Performance Advisors LLP acquired a new position in Cheniere Energy in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LNG. TD Cowen boosted their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Finally, Stifel Nicolaus lowered their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.89.

Cheniere Energy Price Performance

LNG opened at $222.57 on Tuesday. The firm has a market cap of $49.94 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The company’s 50-day moving average price is $196.75 and its 200 day moving average price is $181.64. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 earnings per share. As a group, sell-side analysts expect 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. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is 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.