Cheniere Energy, Inc. $LNG Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 27.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,003 shares of the energy company’s stock after selling 49,723 shares during the period. Voya Investment Management LLC owned about 0.06% of Cheniere Energy worth $30,548,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its position in shares of Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Cheniere Energy by 473.7% in the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Hilltop National Bank acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy during the 2nd quarter valued at about $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Cheniere Energy during the 2nd quarter valued at about $34,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on LNG. Mizuho upped their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a research note on Monday, November 3rd. Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a report on Thursday, October 30th. Finally, Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $267.53.

Insider Activity at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This represents a 102.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Trading Down 0.1%

Shares of Cheniere Energy stock opened at $189.69 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $257.65. The business’s fifty day moving average is $208.94 and its two-hundred day moving average is $226.11. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm has a market cap of $40.83 billion, a PE ratio of 10.57, a P/E/G ratio of 4.65 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period in the prior year, the firm posted $3.93 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.22 annualized dividend and a dividend yield of 1.2%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.