Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 91.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 500 shares of the energy company’s stock after selling 5,070 shares during the quarter. Y.D. More Investments Ltd’s holdings in Cheniere Energy were worth $85,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter worth $25,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after acquiring an additional 118 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Cheniere Energy in the 3rd quarter worth $40,000. Farmers & Merchants Investments Inc. increased its stake in shares of Cheniere Energy by 21.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after acquiring an additional 60 shares during the last quarter. Finally, Rational Advisors LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter worth $59,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $157.03 on Thursday. The firm’s 50-day moving average price is $157.77. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The stock has a market cap of $36.22 billion, a PE ratio of 3.88 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. Cheniere Energy’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same period last year, the business posted $15.78 EPS. Equities research analysts anticipate that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s payout ratio is 4.30%.

Analyst Ratings Changes

A number of brokerages have issued reports on LNG. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Barclays increased their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Redburn Atlantic started coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. TD Cowen lowered their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Finally, UBS Group lowered their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $193.90.

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.