Alaska Permanent Fund Corp Sells 2,634 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Alaska Permanent Fund Corp decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.7% in the 4th quarter, HoldingsChannel reports. The fund owned 13,166 shares of the energy company’s stock after selling 2,634 shares during the period. Alaska Permanent Fund Corp’s holdings in Cheniere Energy were worth $2,248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. grew its position in Cheniere Energy by 21.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after purchasing an additional 60 shares during the period. Mutual Advisors LLC grew its holdings in shares of Cheniere Energy by 1.0% during the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after buying an additional 64 shares during the last quarter. Xcel Wealth Management LLC increased its position in shares of Cheniere Energy by 3.4% during the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock worth $335,000 after acquiring an additional 65 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of Cheniere Energy by 11.4% in the 3rd quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock worth $107,000 after acquiring an additional 66 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Cheniere Energy by 3.1% in the 4th quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock worth $373,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded up $1.65 during trading hours on Thursday, hitting $159.07. 264,408 shares of the company’s stock traded hands, compared to its average volume of 1,876,345. The stock’s fifty day moving average is $157.95. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The stock has a market capitalization of $36.69 billion, a PE ratio of 3.89 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, topping the consensus estimate of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $15.78 earnings per share. On average, analysts forecast that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were issued a $0.435 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.09%. Cheniere Energy’s dividend payout ratio (DPR) is presently 4.30%.

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.