Nordea Investment Management AB Lowers Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Nordea Investment Management AB lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,870 shares of the energy company’s stock after selling 1,120 shares during the period. Nordea Investment Management AB’s holdings in Cheniere Energy were worth $22,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Carolinas Wealth Consulting LLC grew its position in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy during the third quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC bought a new stake in Cheniere Energy in the 3rd quarter worth approximately $53,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.7 %

Shares of NYSE LNG opened at $225.16 on Thursday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $228.10. 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 firm has a 50-day moving average of $213.57 and a 200 day moving average of $192.17. The stock has a market cap of $50.52 billion, a P/E ratio of 14.38 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company earned $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

A number of research analysts have commented on LNG shares. UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays lifted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen increased their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America assumed coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $225.00.

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.