Precedent Wealth Partners LLC Trims Position in Cheniere Energy, Inc. (NYSE:LNG)

Precedent Wealth Partners LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,680 shares of the energy company’s stock after selling 552 shares during the period. Precedent Wealth Partners LLC’s holdings in Cheniere Energy were worth $576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB lifted its position 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 acquiring an additional 75 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy during the third quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the third quarter worth $28,000. Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy in the 2nd quarter valued at $30,000. Finally, Adirondack Trust Co. acquired a new position in Cheniere Energy in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays increased their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Royal Bank of Canada lifted their price target 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 increased their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Scotiabank upped their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Two investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

Cheniere Energy Trading Down 1.1 %

Shares of Cheniere Energy stock opened at $231.73 on Friday. 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 business has a 50 day moving average price of $222.57 and a 200 day moving average price of $197.62. The company has a market capitalization of $51.99 billion, a P/E ratio of 14.80 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) 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 return on equity of 41.44% and a net margin of 22.70%. The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 earnings per share. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. 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.