Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,757 shares of the energy company’s stock after selling 7,045 shares during the period. Miller Howard Investments Inc. NY owned 0.07% of Cheniere Energy worth $30,004,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Cheniere Energy in the first quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in shares of Cheniere Energy in the third quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after acquiring an additional 118 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Cheniere Energy in the third quarter worth approximately $40,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday. Barclays raised their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. TD Cowen cut their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Finally, Mizuho raised their price target on shares of Cheniere Energy from $187.00 to $195.00 and gave the company a “buy” rating in a report on Friday, December 15th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $196.78.

Cheniere Energy Stock Up 0.4 %

Shares of LNG traded up $0.62 during mid-day trading on Tuesday, reaching $157.10. 231,690 shares of the stock traded hands, compared to its average volume of 1,908,498. The stock has a market cap of $36.87 billion, a price-to-earnings ratio of 3.86 and a beta of 0.94. The firm has a fifty day moving average of $160.11. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business’s quarterly revenue was down 46.9% on a year-over-year basis. During the same quarter last year, the firm posted $15.78 earnings per share. On average, equities research analysts expect that Cheniere Energy, Inc. will post 8.9 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.11%. Cheniere Energy’s dividend payout ratio is currently 4.30%.

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.