Cynosure Group LLC Trims Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cynosure Group LLC lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 57.7% during the third quarter, Holdings Channel reports. The fund owned 2,008 shares of the energy company’s stock after selling 2,744 shares during the quarter. Cynosure Group LLC’s holdings in Cheniere Energy were worth $361,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in Cheniere Energy during the first quarter worth about $34,000. Lazard Asset Management LLC boosted its position in Cheniere Energy by 20.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,795 shares of the energy company’s stock worth $772,000 after purchasing an additional 827 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in Cheniere Energy in the 1st quarter valued at $818,000. B. Riley Wealth Advisors Inc. acquired a new stake in Cheniere Energy in the 1st quarter valued at $304,000. Finally, iA Global Asset Management Inc. raised its position in Cheniere Energy by 18.7% in the first quarter. iA Global Asset Management Inc. now owns 3,846 shares of the energy company’s stock valued at $620,000 after purchasing an additional 606 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $221.77 on Friday. The firm has a fifty day moving average of $195.08 and a two-hundred day moving average of $180.36. The firm has a market cap of $49.76 billion, a P/E ratio of 14.16 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

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

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy’s payout ratio is 12.77%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LNG shares. TD Cowen increased their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $212.89.

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.