Border to Coast Pensions Partnership Ltd Has $44.83 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Border to Coast Pensions Partnership Ltd lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the energy company’s stock after selling 25,000 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.11% of Cheniere Energy worth $44,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Crewe Advisors LLC bought a new position in Cheniere Energy in the first quarter valued at about $26,000. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy during the 2nd quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC lifted its stake in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the third quarter worth $27,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research reports. Barclays raised their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Stifel Nicolaus cut their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday. They issued a “buy” rating and a $215.00 price target for the company. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Cheniere Energy Trading Down 0.7 %

LNG traded down $1.21 during trading on Monday, reaching $180.98. The company had a trading volume of 439,252 shares, compared to its average volume of 1,754,048. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $193.16. The business has a 50 day simple moving average of $183.11 and a 200-day simple moving average of $171.51. The stock has a market cap of $41.43 billion, a P/E ratio of 8.87 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a $0.775 dividend. The ex-dividend date was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.71%. Cheniere Energy’s payout ratio is currently 8.48%.

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.