Cheniere Energy, Inc. (NYSE:LNG) Stake Raised by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,354 shares of the energy company’s stock after acquiring an additional 114 shares during the quarter. Ballentine Partners LLC’s holdings in Cheniere Energy were worth $936,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Gemmer Asset Management LLC acquired a new position in Cheniere Energy in the 4th quarter valued at approximately $224,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Terra Nova Asset Management LLC purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $1,073,000. City Holding Co. purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $50,000. Finally, Clarius Group LLC acquired a new stake in Cheniere Energy during the fourth quarter valued at $240,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 6.5 %

Shares of NYSE:LNG opened at $233.47 on Thursday. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market cap of $52.38 billion, a P/E ratio of 14.91 and a beta of 0.99. The stock’s 50-day moving average is $221.23 and its 200-day moving average is $196.72.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business posted $2.37 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 12.66 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 0.86%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays upped their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus raised their price objective on shares of 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 lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen increased their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

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.