Fort Washington Investment Advisors Inc. OH Trims Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Fort Washington Investment Advisors Inc. OH decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,761 shares of the energy company’s stock after selling 3,830 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Cheniere Energy were worth $7,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Miracle Mile Advisors LLC acquired a new position in Cheniere Energy during the fourth quarter worth approximately $2,127,000. Insight Wealth Strategies LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth approximately $4,455,000. Covea Finance raised its position in Cheniere Energy by 18.8% in the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after purchasing an additional 19,200 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in Cheniere Energy in the 4th quarter valued at $245,000. Finally, Continuum Advisory LLC boosted its stake in Cheniere Energy by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LNG. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Scotiabank upped their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. UBS Group upped their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, TD Cowen lifted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

Cheniere Energy Stock Down 6.5 %

Shares of NYSE LNG opened at $233.47 on Thursday. The stock has a market capitalization of $52.38 billion, a price-to-earnings ratio of 14.91 and a beta of 0.99. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The firm has a 50-day moving average price of $221.23 and a 200 day moving average price of $196.72. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted 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. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.37 EPS. Equities research analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) 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.