Intech Investment Management LLC Has $5.78 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Intech Investment Management LLC trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 32.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,155 shares of the energy company’s stock after selling 15,146 shares during the period. Intech Investment Management LLC’s holdings in Cheniere Energy were worth $5,783,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the second quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy during the 2nd quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC raised its holdings 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 last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter worth approximately $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at $28,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

LNG stock opened at $222.66 on Friday. The company has a market capitalization of $49.96 billion, a P/E ratio of 14.22 and a beta of 0.94. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $225.44. The business has a 50-day simple moving average of $191.92 and a two-hundred day simple moving average of $178.59. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. Research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LNG shares. TD Cowen lifted 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 boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.44.

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.