Meitav Investment House Ltd. trimmed its position in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 5.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 144,500 shares of the energy company’s stock after selling 8,000 shares during the period. Meitav Investment House Ltd. owned about 0.06% of Cheniere Energy worth $25,987,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC bought a new position in Cheniere Energy in the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in Cheniere Energy in the 3rd quarter valued at $27,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy in 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 purchasing an additional 150 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of Cheniere Energy in the 1st quarter worth $26,000. 87.26% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on LNG. Stifel Nicolaus reduced their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.
Cheniere Energy Stock Performance
Shares of Cheniere Energy stock opened at $187.49 on Thursday. The stock’s fifty day simple moving average is $183.03 and its 200 day simple moving average is $172.87. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $193.16. The company has a market capitalization of $42.42 billion, a PE ratio of 9.70 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. On average, research analysts predict that Cheniere Energy, Inc. will post 9.76 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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s payout ratio is 10.66%.
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.
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