Eagle Bay Advisors LLC Decreases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Eagle Bay Advisors LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 35.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 194 shares of the energy company’s stock after selling 106 shares during the period. Eagle Bay Advisors LLC’s holdings in Cheniere Energy were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LNG. Carolinas Wealth Consulting LLC boosted its position in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy during the third quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in Cheniere Energy in the second quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter worth $53,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Scotiabank assumed coverage on shares of Cheniere Energy in a report on Friday. They issued a “sector outperform” rating and a $242.00 target price for the company. UBS Group lifted their price target 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. Finally, Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $226.55.

Cheniere Energy Stock Up 2.0 %

Shares of LNG stock opened at $229.69 on Tuesday. The company’s fifty day simple moving average is $215.81 and its two-hundred day simple moving average is $193.53. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $230.11. The stock has a market cap of $51.53 billion, a P/E ratio of 14.67 and a beta of 0.99. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last announced 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. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company earned $2.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. Analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

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