Atria Investments Inc Has $2.78 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Atria Investments Inc reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,473 shares of the energy company’s stock after selling 2,077 shares during the period. Atria Investments Inc’s holdings in Cheniere Energy were worth $2,783,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LNG. Octavia Wealth Advisors LLC boosted its holdings in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares during the period. Signature Wealth Management Group lifted its stake in shares of Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after buying an additional 66 shares during the period. Sapient Capital LLC grew its position in Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after buying an additional 67 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after acquiring an additional 68 shares during the period. Finally, Accordant Advisory Group Inc raised its holdings in Cheniere Energy by 0.4% in the 2nd quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock valued at $3,389,000 after acquiring an additional 76 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 1.9 %

Shares of LNG opened at $210.00 on Thursday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market cap of $47.12 billion, a price-to-earnings ratio of 13.51 and a beta of 0.94. The stock has a fifty day moving average price of $185.84 and a two-hundred day moving average price of $175.58. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $217.95.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm earned $2.37 EPS. The company’s revenue was down 9.5% on a year-over-year basis. Analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio is 12.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LNG. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen upped their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barclays raised their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $201.89.

Cheniere Energy Company 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.