Ashton Thomas Private Wealth LLC Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Ashton Thomas Private Wealth LLC reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,580 shares of the energy company’s stock after selling 113 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Cheniere Energy were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Crewe Advisors LLC purchased a new position in Cheniere Energy in the 1st quarter valued at approximately $26,000. MCF Advisors LLC purchased a new position in shares of Cheniere Energy in the second quarter valued at $26,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy during the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC boosted its position in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Cheniere Energy in the 3rd quarter valued at about $27,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.3 %

Shares of NYSE:LNG opened at $210.61 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $47.25 billion, a price-to-earnings ratio of 13.41 and a beta of 0.94. The stock’s 50-day moving average price is $186.42 and its two-hundred day moving average price is $175.82. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $217.95.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm earned $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LNG shares. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays boosted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, TD Cowen increased their price objective on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.89.

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.