State of Alaska Department of Revenue Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

State of Alaska Department of Revenue decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 29.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,315 shares of the energy company’s stock after selling 7,155 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cheniere Energy were worth $3,113,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LNG. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter valued at about $26,000. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $27,000. Carolinas Wealth Consulting LLC increased its position in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.3 %

LNG stock opened at $181.92 on Thursday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $193.16. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The company has a market capitalization of $41.16 billion, a price-to-earnings ratio of 9.70 and a beta of 0.94. The business has a 50 day simple moving average of $183.03 and a two-hundred day simple moving average of $172.87.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. Research analysts anticipate that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 1.10%. Cheniere Energy’s payout ratio is 10.66%.

Wall Street Analyst Weigh In

LNG has been the subject of several research reports. Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.