Cheniere Energy, Inc. $LNG Stock: Community Trust & Investment Co. Lowers Holdings

Community Trust & Investment Co. lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,512 shares of the energy company’s stock after selling 3,419 shares during the quarter. Cheniere Energy makes up approximately 1.3% of Community Trust & Investment Co.’s investment portfolio, making the stock its 18th largest position. Community Trust & Investment Co.’s holdings in Cheniere Energy were worth $27,310,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in Cheniere Energy by 21.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 309,774 shares of the energy company’s stock worth $83,338,000 after purchasing an additional 53,712 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Cheniere Energy by 25.5% during the third quarter. Ninety One UK Ltd now owns 630,788 shares of the energy company’s stock valued at $169,701,000 after purchasing an additional 128,146 shares during the period. Summit Financial Wealth Advisors LLC raised its stake in Cheniere Energy by 6.0% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,411 shares of the energy company’s stock worth $918,000 after buying an additional 193 shares during the period. Gunderson Capital Management LLC grew its stake in Cheniere Energy by 55.4% in the third quarter. Gunderson Capital Management LLC now owns 41,126 shares of the energy company’s stock valued at $11,064,000 after acquiring an additional 14,663 shares during the period. Finally, Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Cheniere Energy by 34.6% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 6,556 shares of the energy company’s stock worth $1,764,000 after purchasing an additional 1,686 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.4%

NYSE LNG opened at $278.61 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $57.54 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.11 and a beta of 0.06. The stock’s 50-day simple moving average is $276.17 and its two-hundred day simple moving average is $260.68. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period last year, the company posted $7.30 EPS. Cheniere Energy’s revenue for the quarter was up 23.5% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 16.76 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were given a $0.5550 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is currently 16.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LNG. Argus set a $330.00 price objective on Cheniere Energy in a research note on Tuesday, August 18th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price objective on shares of Cheniere Energy in a research report on Friday, August 7th. Jefferies Financial Group reissued a “buy” rating and set a $336.00 target price on shares of Cheniere Energy in a research report on Saturday, October 10th. Finally, Scotiabank set a $311.00 target price on shares of Cheniere Energy in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $306.41.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.