Peirce Capital Management LLC Sells 105 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Peirce Capital Management LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,276 shares of the energy company’s stock after selling 105 shares during the quarter. Peirce Capital Management LLC’s holdings in Cheniere Energy were worth $274,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LNG. MCF Advisors LLC bought a new stake in Cheniere Energy during the second quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy in the 3rd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC grew its position in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy during the third quarter worth approximately $28,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $30,000. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the topic of a number of recent research reports. TD Cowen raised their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus increased their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays upped their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Cheniere Energy Stock Up 2.9 %

NYSE:LNG traded up $6.14 during mid-day trading on Thursday, hitting $221.01. 1,519,171 shares of the company’s stock were exchanged, compared to its average volume of 1,748,122. The company has a market cap of $49.59 billion, a PE ratio of 14.11 and a beta of 0.97. 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 one year low of $152.31 and a one year high of $228.10. The business has a fifty day moving average price of $209.65 and a 200 day moving average price of $190.01.

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 analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.37 EPS. Equities analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared 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 0.90%. Cheniere Energy’s payout ratio is presently 12.77%.

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.