Invesco LLC Trims Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Invesco LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,913 shares of the energy company’s stock after selling 72 shares during the quarter. Invesco LLC’s holdings in Cheniere Energy were worth $1,180,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Cheniere Energy during the first quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Cheniere Energy by 203.4% during 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 period. OFI Invest Asset Management acquired a new stake in Cheniere Energy during the third quarter worth about $40,000. Finally, Geneos Wealth Management Inc. grew its holdings in Cheniere Energy by 48.1% during the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock worth $45,000 after acquiring an additional 89 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays raised their target price on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. TD Cowen dropped their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Finally, StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. One 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. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and an average target price of $196.78.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded down $0.58 during trading on Monday, reaching $156.21. The stock had a trading volume of 596,693 shares, compared to its average volume of 1,884,569. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The stock has a fifty day moving average of $158.88. The company has a market cap of $36.66 billion, a PE ratio of 3.87 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $135.30 and a 1-year high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business’s revenue was down 46.9% on a year-over-year basis. During the same period in the previous year, the company posted $15.78 earnings per share. Sell-side analysts expect that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Announces Dividend

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