WealthPLAN Partners LLC Trims Stake in Cheniere Energy, Inc. (NYSE:LNG)

WealthPLAN Partners LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,946 shares of the energy company’s stock after selling 2,108 shares during the quarter. WealthPLAN Partners LLC’s holdings in Cheniere Energy were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LNG. Crewe Advisors LLC bought a new stake in Cheniere Energy during the first quarter valued at about $26,000. MCF Advisors LLC bought a new stake in Cheniere Energy during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy in the second quarter worth $27,000. Carolinas Wealth Consulting LLC raised its position in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cheniere Energy Stock Performance

NYSE LNG opened at $214.88 on Tuesday. The business’s 50 day moving average price is $184.62 and its 200-day moving average price is $174.80. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $215.84. The company has a market cap of $48.21 billion, a P/E ratio of 13.72 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.93 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued 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 yield of 0.93%. Cheniere Energy’s payout ratio is currently 11.11%.

Cheniere Energy 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.