Kingsview Wealth Management LLC Sells 1,871 Shares of Cheniere Energy, Inc. $LNG

Kingsview Wealth Management LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 46.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,118 shares of the energy company’s stock after selling 1,871 shares during the period. Kingsview Wealth Management LLC’s holdings in Cheniere Energy were worth $506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sovereign Financial Group Inc. acquired a new position in Cheniere Energy during the first quarter worth $1,472,000. Thrivent Financial for Lutherans lifted its position in shares of Cheniere Energy by 17.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock worth $14,930,000 after buying an additional 11,270 shares during the last quarter. Prudential PLC lifted its position in shares of Cheniere Energy by 2,313.7% in the fourth quarter. Prudential PLC now owns 98,285 shares of the energy company’s stock worth $19,106,000 after buying an additional 94,213 shares during the last quarter. Norges Bank bought a new stake in shares of Cheniere Energy during the 4th quarter worth about $731,774,000. Finally, NFJ Investment Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter worth about $2,646,000. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LNG shares. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Finally, Argus set a $330.00 price objective on shares of Cheniere Energy in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $304.35.

Cheniere Energy Trading Up 0.0%

Cheniere Energy stock opened at $282.36 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The business’s 50-day simple moving average is $260.25 and its 200-day simple moving average is $253.45. The firm has a market capitalization of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the company earned $7.30 EPS. Cheniere Energy’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities research analysts forecast that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.555 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s payout ratio is 16.53%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.