Pallas Capital Advisors LLC Sells 1,433 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Pallas Capital Advisors LLC decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,703 shares of the energy company’s stock after selling 1,433 shares during the period. Pallas Capital Advisors LLC’s holdings in Cheniere Energy were worth $8,961,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LNG. Octavia Wealth Advisors LLC raised its position in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after purchasing an additional 54 shares during the period. MAI Capital Management lifted its stake in shares of Cheniere Energy by 1.5% in the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after acquiring an additional 62 shares during the last quarter. Sapient Capital LLC increased its stake in Cheniere Energy by 0.9% in the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after purchasing an additional 67 shares during the period. Quarry LP lifted its position in Cheniere Energy by 7.6% in the third quarter. Quarry LP now owns 1,057 shares of the energy company’s stock valued at $190,000 after purchasing an additional 75 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Cheniere Energy by 2.4% in the third quarter. CWM LLC now owns 3,238 shares of the energy company’s stock worth $582,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LNG. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group lifted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Scotiabank assumed coverage on shares of Cheniere Energy in a report on Friday. They issued a “sector outperform” rating and a $242.00 price objective for the company. Finally, Barclays lifted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.55.

Cheniere Energy Stock Performance

NYSE LNG traded up $4.47 on Monday, hitting $229.69. 1,787,360 shares of the company traded hands, compared to its average volume of 1,549,250. The business’s 50 day moving average price is $215.00 and its 200-day moving average price is $193.12. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $230.11. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $51.53 billion, a price-to-earnings ratio of 14.67 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $2.37 earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.87%. Cheniere Energy’s dividend payout ratio (DPR) is currently 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.