Lewis Asset Management LLC Reduces Position in Cheniere Energy, Inc. (NYSE:LNG)

Lewis Asset Management LLC reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,940 shares of the energy company’s stock after selling 98 shares during the period. Lewis Asset Management LLC’s holdings in Cheniere Energy were worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy during the third quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy during the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy in the second quarter valued at approximately $30,000. Finally, Adirondack Trust Co. purchased a new position in Cheniere Energy in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $228.14 on Thursday. The stock has a fifty day moving average price of $222.87 and a 200 day moving average price of $198.62. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market cap of $51.19 billion, a PE ratio of 14.57 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.37 earnings per share. Sell-side analysts forecast that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s payout ratio is 12.77%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays upped their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Scotiabank lifted their target price on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $232.36.

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.