Captrust Financial Advisors Sells 107 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Captrust Financial Advisors lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,542 shares of the energy company’s stock after selling 107 shares during the period. Captrust Financial Advisors’ holdings in Cheniere Energy were worth $1,896,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Cheniere Energy by 215.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after buying an additional 42,737 shares during the last quarter. M&G PLC increased its holdings in shares of Cheniere Energy by 21.0% in the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after buying an additional 46,602 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Cheniere Energy by 2.9% in the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after buying an additional 37,729 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Cheniere Energy by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock worth $20,436,000 after buying an additional 2,768 shares during the last quarter. Finally, Nwam LLC bought a new position in shares of Cheniere Energy in the 3rd quarter worth $2,747,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 1.8 %

NYSE:LNG opened at $221.88 on Friday. The company has a 50-day moving average price of $199.45 and a 200-day moving average price of $182.68. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a market cap of $49.78 billion, a price-to-earnings ratio of 14.17 and a beta of 0.97.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $2.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current 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 given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio is 12.77%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Barclays increased their target price 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. 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 report on Wednesday, October 16th. Finally, UBS Group increased their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.56.

About Cheniere Energy

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.