Wealth Advisory Solutions LLC Sells 3,273 Shares of Cheniere Energy, Inc. (NYSE:LNG)

by · The Cerbat Gem

Wealth Advisory Solutions LLC reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 14.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,770 shares of the energy company’s stock after selling 3,273 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Cheniere Energy were worth $3,555,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its holdings in shares of Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after buying an additional 6,235 shares during the period. Sei Investments Co. lifted its stake in Cheniere Energy by 6.7% in the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after acquiring an additional 11,800 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Cheniere Energy by 103.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after acquiring an additional 16,044 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after acquiring an additional 42,737 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at approximately $818,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded down $0.72 on Monday, hitting $181.47. The company had a trading volume of 266,105 shares, compared to its average volume of 1,753,256. The stock has a 50 day moving average price of $183.11 and a 200 day moving average price of $171.51. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The stock has a market cap of $41.54 billion, a price-to-earnings ratio of 8.87 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $193.16.

Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. Analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LNG. Barclays lifted their price target 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. Bank of America assumed coverage on Cheniere Energy in a report on Thursday. They set a “buy” rating and a $215.00 target price on the stock. Stifel Nicolaus decreased their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Check Out Our Latest Report on LNG

About Cheniere Energy

(Free Report)

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.

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