Vectors Research Management LLC Reduces Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Vectors Research Management LLC decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,959 shares of the energy company’s stock after selling 377 shares during the quarter. Vectors Research Management LLC’s holdings in Cheniere Energy were worth $2,510,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy in the 1st quarter valued at $26,000. MCF Advisors LLC purchased a new stake in Cheniere Energy in the second quarter valued at $26,000. Lynx Investment Advisory purchased a new stake in Cheniere Energy in the second quarter valued at $27,000. Carolinas Wealth Consulting LLC grew its position in Cheniere Energy by 5,000.0% during 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 period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

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

Cheniere Energy Stock Up 0.3 %

Shares of LNG opened at $210.61 on Friday. The stock has a 50 day moving average price of $186.42 and a 200 day moving average price of $175.82. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $217.95. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market capitalization of $47.25 billion, a price-to-earnings ratio of 13.45 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Cheniere Energy’s 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.