Eagle Bay Advisors LLC Sells 106 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Eagle Bay Advisors LLC trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194 shares of the energy company’s stock after selling 106 shares during the period. Eagle Bay Advisors LLC’s holdings in Cheniere Energy were worth $42,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LNG. Bank of New York Mellon Corp purchased a new stake in Cheniere Energy in the 2nd quarter worth approximately $441,000. Commonwealth Equity Services LLC raised its holdings in shares of Cheniere Energy by 2.7% during the second quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the energy company’s stock valued at $1,001,000 after acquiring an additional 534 shares in the last quarter. LPL Financial LLC lifted its stake in Cheniere Energy by 5.8% in the second quarter. LPL Financial LLC now owns 199,187 shares of the energy company’s stock worth $34,824,000 after acquiring an additional 10,935 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Cheniere Energy by 2.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 121,291 shares of the energy company’s stock valued at $20,787,000 after acquiring an additional 2,795 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its position in Cheniere Energy by 32.7% during the 2nd quarter. Meeder Advisory Services Inc. now owns 2,226 shares of the energy company’s stock valued at $389,000 after purchasing an additional 548 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

LNG opened at $229.69 on Tuesday. The firm has a market cap of $51.53 billion, a PE ratio of 14.67 and a beta of 0.99. The stock has a 50-day moving average price of $215.81 and a 200-day moving average price of $193.53. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $230.11. 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 quarterly earnings results 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 firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.37 earnings per share. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.87%. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analyst Weigh In

LNG has been the subject of several research analyst reports. Scotiabank initiated coverage on shares of Cheniere Energy in a research report on Friday. They issued a “sector outperform” rating and a $242.00 target price for the company. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus increased 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. Bank of America assumed coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.55.

Cheniere Energy 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.