Cheniere Energy, Inc. (NYSE:LNG) Stake Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 4.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,685 shares of the energy company’s stock after selling 587 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cheniere Energy were worth $2,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LNG. MCF Advisors LLC bought a new stake in Cheniere Energy in the 2nd quarter valued at about $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy during the second quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC boosted its position in shares of Cheniere Energy by 5,000.0% during 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. Moisand Fitzgerald Tamayo LLC bought a new position in Cheniere Energy in the 3rd quarter worth approximately $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in Cheniere Energy in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LNG shares. UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada increased their target price 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. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. TD Cowen upped their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.44.

Cheniere Energy Stock Down 2.0 %

LNG stock opened at $218.10 on Tuesday. The firm has a market cap of $48.94 billion, a PE ratio of 13.93 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month 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. The firm has a 50 day simple moving average of $192.63 and a 200 day simple moving average of $179.32.

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

Cheniere Energy Cuts Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is 12.77%.

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.