Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 35.5% during the third quarter, HoldingsChannel.com reports. The fund owned 3,414 shares of the energy company’s stock after selling 1,883 shares during the period. Balboa Wealth Partners’ holdings in Cheniere Energy were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of Cheniere Energy by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after purchasing an additional 413,744 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after acquiring an additional 273,588 shares in the last quarter. Pacer Advisors Inc. boosted its position in Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after acquiring an additional 202,097 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Cheniere Energy by 5.1% in the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after purchasing an additional 99,678 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cheniere Energy by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock valued at $346,268,000 after purchasing an additional 240,427 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 0.3 %

LNG opened at $210.61 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $217.95. 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 business has a 50 day moving average price of $186.42 and a 200 day moving average price of $175.82. The firm has a market cap of $47.25 billion, a P/E ratio of 13.45 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its 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. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.37 EPS. Research analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LNG. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen upped their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.89.

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.