Exchange Traded Concepts LLC Lowers Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Exchange Traded Concepts LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,186 shares of the energy company’s stock after selling 7,894 shares during the quarter. Cheniere Energy comprises about 1.0% of Exchange Traded Concepts LLC’s holdings, making the stock its 17th largest position. Exchange Traded Concepts LLC owned approximately 0.10% of Cheniere Energy worth $41,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Octavia Wealth Advisors LLC boosted its holdings in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares in the last quarter. Signature Wealth Management Group boosted its holdings in Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after purchasing an additional 66 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Cheniere Energy by 57.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after purchasing an additional 68 shares in the last quarter. E&G Advisors LP boosted its holdings in Cheniere Energy by 5.2% in the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after purchasing an additional 70 shares in the last quarter. Finally, Syon Capital LLC boosted its holdings in Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $190.83 on Friday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $193.16. The firm has a market cap of $43.18 billion, a P/E ratio of 10.17 and a beta of 0.94. The stock’s 50 day moving average price is $182.51 and its 200 day moving average price is $170.58. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were given a $0.775 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is 9.28%.

Cheniere Energy declared that its Board of Directors has authorized a stock repurchase program on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on LNG. Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Sanford C. Bernstein began coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. TD Cowen upped their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Barclays upped their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Cheniere Energy Company Profile

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.