AEGON ASSET MANAGEMENT UK Plc Decreases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

AEGON ASSET MANAGEMENT UK Plc decreased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,634 shares of the energy company’s stock after selling 17,656 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Cheniere Energy were worth $11,742,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. Miracle Mile Advisors LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $2,127,000. Insight Wealth Strategies LLC purchased a new stake in Cheniere Energy in the fourth quarter worth $4,455,000. Covea Finance raised its stake in shares of Cheniere Energy by 18.8% in the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after buying an additional 19,200 shares during the period. Kathmere Capital Management LLC purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $245,000. Finally, Continuum Advisory LLC grew its stake in shares of Cheniere Energy by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after acquiring an additional 3,828 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $231.73 on Friday. The stock’s 50-day simple moving average is $222.57 and its two-hundred day simple moving average is $197.62. The firm has a market capitalization of $51.99 billion, a P/E ratio of 14.80 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, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during 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 company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 EPS. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.86%. Cheniere Energy’s payout ratio is 12.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNG. Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. TD Cowen raised their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

Cheniere Energy 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.