Essex Savings Bank Decreases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Essex Savings Bank lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,970 shares of the energy company’s stock after selling 236 shares during the quarter. Essex Savings Bank’s holdings in Cheniere Energy were worth $853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carolinas Wealth Consulting LLC boosted its position in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the third quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Cheniere Energy during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Cheniere Energy in the second quarter worth about $30,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Cheniere Energy in the third quarter worth about $53,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $245.88 on Thursday. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $248.61. The firm has a market capitalization of $55.17 billion, a P/E ratio of 15.70 and a beta of 0.99. 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 has a fifty day simple moving average of $216.82 and a two-hundred day simple moving average of $194.00.

Cheniere Energy (NYSE:LNG) last issued its quarterly 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 company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $2.37 EPS. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.81%. Cheniere Energy’s payout ratio is 12.77%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Scotiabank assumed coverage on Cheniere Energy in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, 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 report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.55.

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.