Asset Management One Co. Ltd. Has $14.51 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Asset Management One Co. Ltd. cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.6% in the third quarter, HoldingsChannel reports. The fund owned 80,670 shares of the energy company’s stock after selling 2,113 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Cheniere Energy were worth $14,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LNG. QRG Capital Management Inc. boosted its holdings in shares of Cheniere Energy by 8.1% during the third quarter. QRG Capital Management Inc. now owns 60,676 shares of the energy company’s stock worth $10,912,000 after purchasing an additional 4,549 shares during the period. National Pension Service lifted its position in Cheniere Energy by 4.7% in the 3rd quarter. National Pension Service now owns 493,280 shares of the energy company’s stock worth $88,534,000 after buying an additional 22,314 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Cheniere Energy by 6.9% during the 3rd quarter. Van ECK Associates Corp now owns 112,652 shares of the energy company’s stock valued at $20,599,000 after buying an additional 7,258 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Cheniere Energy by 53.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after acquiring an additional 128 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Cheniere Energy by 3.4% in the third quarter. US Bancorp DE now owns 14,536 shares of the energy company’s stock worth $2,614,000 after acquiring an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. TD Cowen lifted their price target on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada lifted 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. Finally, Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $201.89.

Cheniere Energy Price Performance

NYSE LNG opened at $197.66 on Thursday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $200.32. The company has a fifty day simple moving average of $183.85 and a 200 day simple moving average of $174.06. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The company has a market cap of $44.72 billion, a P/E ratio of 12.62 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) 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 42.29%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the company earned $2.37 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 10.11 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 11.11%.

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.