City Holding Co. Acquires New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

City Holding Co. bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 234 shares of the energy company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Cheniere Energy during the 3rd quarter worth $28,000. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy during the second quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new stake in shares of Cheniere Energy in the third quarter valued at about $53,000. Finally, Mattson Financial Services LLC bought a new position in shares of Cheniere Energy in the second quarter worth about $63,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Scotiabank initiated coverage on shares of Cheniere Energy in a research report on Friday, January 10th. They set a “sector outperform” rating and a $242.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.18.

Cheniere Energy Price Performance

Shares of LNG stock opened at $252.70 on Tuesday. The stock’s fifty day simple moving average is $219.76 and its 200 day simple moving average is $195.63. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The firm has a market cap of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share 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 business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm earned $2.37 EPS. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, analysts expect that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed 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 0.79%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.