4,961 Cheniere Energy, Inc. $LNG Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.4% during the third quarter, HoldingsChannel.com reports. The firm owned 139,643 shares of the energy company’s stock after selling 4,961 shares during the quarter. Alps Advisors Inc.’s holdings in Cheniere Energy were worth $37,568,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. First Horizon Corp lifted its holdings in Cheniere Energy by 7.7% during the first quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after acquiring an additional 37 shares during the period. Childress Capital Advisors LLC raised its stake in Cheniere Energy by 0.7% in the third quarter. Childress Capital Advisors LLC now owns 5,371 shares of the energy company’s stock valued at $1,445,000 after buying an additional 38 shares during the last quarter. Financial Management Professionals Inc. raised its position in Cheniere Energy by 13.3% during the third quarter. Financial Management Professionals Inc. now owns 340 shares of the energy company’s stock worth $92,000 after acquiring an additional 40 shares during the period. Eagle Strategies LLC grew its holdings in shares of Cheniere Energy by 4.0% in the third quarter. Eagle Strategies LLC now owns 1,083 shares of the energy company’s stock valued at $291,000 after purchasing an additional 42 shares in the last quarter. Finally, Titleist Asset Management LLC boosted its stake in shares of Cheniere Energy by 1.6% during the third quarter. Titleist Asset Management LLC now owns 2,867 shares of the energy company’s stock worth $771,000 after buying an additional 45 shares during the period. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LNG shares. TD Cowen increased their price target on shares of Cheniere Energy from $325.00 to $352.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada lifted their target price on Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. Barclays boosted their price objective on Cheniere Energy from $287.00 to $328.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. UBS Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Finally, Wolfe Research lowered shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $324.41.

Cheniere Energy Trading Down 0.6%

NYSE LNG opened at $278.00 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. The company’s fifty day simple moving average is $283.48 and its 200-day simple moving average is $258.02. The stock has a market cap of $56.77 billion, a P/E ratio of 21.83, a PEG ratio of 0.96 and a beta of 0.01. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $330.73.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 26.73% and a net margin of 13.08%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter last year, the business earned $7.30 EPS. Cheniere Energy’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 21.74 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be given a $0.6250 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.5550. The ex-dividend date is Monday, November 9th. Cheniere Energy’s dividend payout ratio (DPR) is 15.49%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment.

The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.

Founded in 1996, Cheniere initially developed LNG import infrastructure before shifting its focus to U.S.