Swiss National Bank Reduces Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Swiss National Bank lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 679,500 shares of the energy company’s stock after selling 3,400 shares during the period. Swiss National Bank owned 0.30% of Cheniere Energy worth $122,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. Crewe Advisors LLC acquired a new position in Cheniere Energy during the first quarter worth $26,000. MCF Advisors LLC acquired a new position in Cheniere Energy during the second quarter worth $26,000. Lynx Investment Advisory acquired a new position in Cheniere Energy during the second quarter worth $27,000. Carolinas Wealth Consulting LLC lifted its stake in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. 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. Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays increased their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, TD Cowen upped their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.44.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $214.86 on Tuesday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $217.95. The stock has a market capitalization of $48.21 billion, a P/E ratio of 13.72 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The business’s fifty day moving average price is $188.37 and its 200 day moving average price is $177.06.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.37 earnings per share. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Cheniere Energy Company 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.