Oak Thistle LLC Lowers Position in Cheniere Energy, Inc. (NYSE:LNG)

Oak Thistle LLC lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 38.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,126 shares of the energy company’s stock after selling 2,575 shares during the quarter. Cheniere Energy accounts for approximately 0.6% of Oak Thistle LLC’s investment portfolio, making the stock its 25th largest holding. Oak Thistle LLC’s holdings in Cheniere Energy were worth $665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock valued at $3,845,958,000 after acquiring an additional 151,311 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Cheniere Energy by 5.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock valued at $672,559,000 after acquiring an additional 220,802 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Cheniere Energy by 3.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock valued at $332,886,000 after acquiring an additional 64,297 shares in the last quarter. Norges Bank purchased a new position in shares of Cheniere Energy during the 4th quarter valued at about $308,910,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cheniere Energy by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,255,761 shares of the energy company’s stock valued at $214,375,000 after buying an additional 108,496 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LNG shares. Stifel Nicolaus raised their price objective on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, May 6th. JPMorgan Chase & Co. raised their price objective on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Sanford C. Bernstein started coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, TD Cowen raised their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $198.64.

Cheniere Energy Trading Down 1.1 %

Shares of LNG stock traded down $1.92 during trading hours on Monday, reaching $172.91. The company’s stock had a trading volume of 2,103,564 shares, compared to its average volume of 1,957,498. The company has a market capitalization of $39.58 billion, a PE ratio of 8.42 and a beta of 0.96. Cheniere Energy, Inc. has a one year low of $148.57 and a one year high of $183.46. The business’s fifty day moving average is $159.72. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. Cheniere Energy’s quarterly revenue was down 41.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.89 earnings per share. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 8.33 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be given a $0.435 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.01%. Cheniere Energy’s dividend payout ratio is currently 8.48%.

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.