Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,347 shares of the energy company’s stock after selling 13,500 shares during the period. Hennessy Advisors Inc. owned about 0.07% of Cheniere Energy worth $31,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Winch Advisory Services LLC grew its position in Cheniere Energy by 58.1% in the fourth quarter. Winch Advisory Services LLC now owns 1,015 shares of the energy company’s stock worth $218,000 after buying an additional 373 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of Cheniere Energy by 9.8% during the 4th quarter. Argent Capital Management LLC now owns 15,305 shares of the energy company’s stock worth $3,289,000 after acquiring an additional 1,363 shares in the last quarter. Brave Asset Management Inc. acquired a new position in shares of Cheniere Energy in the 4th quarter worth $204,000. Covea Finance raised its position in shares of Cheniere Energy by 18.8% during the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after purchasing an additional 19,200 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of Cheniere Energy by 35.9% during the fourth quarter. Park Avenue Securities LLC now owns 5,206 shares of the energy company’s stock valued at $1,119,000 after purchasing an additional 1,374 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Scotiabank initiated coverage on shares of Cheniere Energy in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen lifted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.18.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $253.76 on Friday. The firm has a market cap of $56.94 billion, a P/E ratio of 16.20 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $254.20. The stock’s 50-day moving average is $217.79 and its two-hundred day moving average is $194.37.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.37 earnings per share. Analysts predict that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date 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.