Cheniere Energy, Inc. (NYSE:LNG) is Chickasaw Capital Management LLC’s 9th Largest Position

Chickasaw Capital Management LLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,451 shares of the energy company’s stock after selling 7,697 shares during the quarter. Cheniere Energy accounts for about 4.7% of Chickasaw Capital Management LLC’s holdings, making the stock its 9th biggest holding. Chickasaw Capital Management LLC’s holdings in Cheniere Energy were worth $115,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC bought a new position in Cheniere Energy during the third quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new position in Cheniere Energy during the 2nd quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC purchased a new position in Cheniere Energy in the 3rd quarter worth approximately $53,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.2 %

Cheniere Energy stock traded down $0.46 during mid-day trading on Tuesday, hitting $223.45. The company had a trading volume of 743,459 shares, compared to its average volume of 1,418,726. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The company has a market capitalization of $50.13 billion, a PE ratio of 14.27 and a beta of 0.99. The stock’s 50 day moving average price is $211.88 and its two-hundred day moving average price is $191.52. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share 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 business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business earned $2.37 EPS. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. TD Cowen increased their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. 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 target for the company. The Goldman Sachs Group lifted their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $225.00.

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.