Bank of New York Mellon Corp Has $186.99 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Bank of New York Mellon Corp cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,069,539 shares of the energy company’s stock after selling 76,656 shares during the period. Bank of New York Mellon Corp owned approximately 0.47% of Cheniere Energy worth $186,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in Cheniere Energy during the 4th quarter worth about $220,930,000. GAMMA Investing LLC bought a new stake in Cheniere Energy during the 4th quarter worth about $80,000. Yousif Capital Management LLC lifted its position in Cheniere Energy by 2.3% during the 4th quarter. Yousif Capital Management LLC now owns 3,452 shares of the energy company’s stock worth $589,000 after buying an additional 79 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in Cheniere Energy by 0.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 24,439 shares of the energy company’s stock worth $4,172,000 after buying an additional 186 shares in the last quarter. Finally, Syon Capital LLC lifted its position in Cheniere Energy by 4.7% during the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after buying an additional 73 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on LNG. Stifel Nicolaus cut their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays upped their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. TD Cowen upped their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.40.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded up $0.36 on Monday, reaching $184.32. 1,042,963 shares of the company’s stock were exchanged, compared to its average volume of 1,842,635. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $42.19 billion, a price-to-earnings ratio of 8.98 and a beta of 0.96. The company has a fifty day moving average of $176.45 and a 200-day moving average of $164.73. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $2.13. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter last year, the business posted $5.61 EPS. On average, research analysts predict that Cheniere Energy, Inc. will post 8.29 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, August 9th. Cheniere Energy’s payout ratio is 8.48%.

Cheniere Energy declared that its board has initiated a stock buyback plan on Monday, June 17th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.