Bornite Capital Management LP Sells 20,300 Shares of Cheniere Energy, Inc. $LNG

Bornite Capital Management LP trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 15.7% in the third quarter, Holdings Channel.com reports. The firm owned 108,900 shares of the energy company’s stock after selling 20,300 shares during the period. Cheniere Energy comprises approximately 2.4% of Bornite Capital Management LP’s portfolio, making the stock its 20th largest holding. Bornite Capital Management LP’s holdings in Cheniere Energy were worth $25,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. lifted its holdings in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in Cheniere Energy by 250.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in Cheniere Energy in the second quarter valued at approximately $34,000. Finally, Armstrong Advisory Group Inc. grew its holdings in Cheniere Energy by 47.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after acquiring an additional 50 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $223.88 on Thursday. The company has a market capitalization of $48.19 billion, a PE ratio of 12.47 and a beta of 0.27. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $246.42. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The stock’s fifty day simple moving average is $202.23 and its 200 day simple moving average is $216.76.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s payout ratio is 12.37%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of analyst reports. Barclays cut their price target on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Scotiabank reissued an “outperform” rating and issued a $266.00 target price on shares of Cheniere Energy in a research note on Friday, January 16th. Jefferies Financial Group set a $251.00 target price on Cheniere Energy in a report on Sunday, January 25th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

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.