Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 798,399 shares of the energy company’s stock after selling 51,603 shares during the quarter. Cheniere Energy comprises about 1.6% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 12th biggest position. Duff & Phelps Investment Management Co. owned about 0.34% of Cheniere Energy worth $136,295,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LNG. HHM Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth $25,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after purchasing an additional 118 shares during the last quarter. OFI Invest Asset Management acquired a new position in Cheniere Energy in the third quarter valued at $40,000. Farmers & Merchants Investments Inc. boosted its holdings in Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after acquiring an additional 60 shares during the last quarter. Finally, Rational Advisors LLC acquired a new position in Cheniere Energy in the third quarter valued at $59,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock traded down $1.25 on Tuesday, reaching $160.45. The company’s stock had a trading volume of 502,635 shares, compared to its average volume of 1,867,736. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46. The company has a market capitalization of $37.01 billion, a P/E ratio of 3.99 and a beta of 0.94. The business has a fifty day simple moving average of $157.98. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm’s quarterly revenue was down 46.9% on a year-over-year basis. During the same period last year, the company posted $15.78 EPS. As a group, equities analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s payout ratio is currently 4.30%.

Analyst Ratings Changes

A number of research analysts recently weighed in on LNG shares. Barclays lifted their target price on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. UBS Group reduced their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. TD Cowen reduced their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Finally, Redburn Atlantic started coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.90.

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.