Peirce Capital Management LLC Has $274,000 Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Peirce Capital Management LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,276 shares of the energy company’s stock after selling 105 shares during the period. Peirce Capital Management LLC’s holdings in Cheniere Energy were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. Castellan Group purchased a new position in shares of Cheniere Energy during the third quarter valued at approximately $5,515,000. Wilmington Savings Fund Society FSB purchased a new position in Cheniere Energy during the 3rd quarter worth $159,000. World Investment Advisors LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter worth $225,000. Sanctuary Advisors LLC raised its holdings in shares of Cheniere Energy by 4.1% in the third quarter. Sanctuary Advisors LLC now owns 49,034 shares of the energy company’s stock valued at $8,818,000 after purchasing an additional 1,922 shares during the last quarter. Finally, Aldebaran Financial Inc. lifted its position in shares of Cheniere Energy by 26.1% during the third quarter. Aldebaran Financial Inc. now owns 5,195 shares of the energy company’s stock valued at $934,000 after purchasing an additional 1,076 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG traded up $6.14 during trading hours on Thursday, hitting $221.01. The company’s stock had a trading volume of 1,519,171 shares, compared to its average volume of 1,748,122. The business has a 50 day simple moving average of $209.65 and a two-hundred day simple moving average of $190.01. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $228.10. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market cap of $49.59 billion, a price-to-earnings ratio of 14.11 and a beta of 0.97.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on LNG shares. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. TD Cowen upped their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

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.