Chickasaw Capital Management LLC Trims Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Chickasaw Capital Management LLC trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 535,451 shares of the energy company’s stock after selling 7,697 shares during the quarter. Cheniere Energy makes up 4.7% of Chickasaw Capital Management LLC’s holdings, making the stock its 9th biggest holding. Chickasaw Capital Management LLC owned about 0.24% of Cheniere Energy worth $115,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth $27,000. Carolinas Wealth Consulting LLC boosted its position in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy during the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy in the second quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new position in Cheniere Energy in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group boosted their target price 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 began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Barclays upped 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 lifted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $225.00.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded down $0.46 during trading hours on Tuesday, hitting $223.45. 743,459 shares of the company’s stock traded hands, compared to its average volume of 1,418,726. The company has a fifty day simple moving average of $211.88 and a 200-day simple moving average of $191.52. 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 stock has a market capitalization of $50.13 billion, a price-to-earnings ratio of 14.27 and a beta of 0.99. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $228.10.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal 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 $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. Cheniere Energy’s dividend payout ratio is 12.77%.

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.