Robeco Institutional Asset Management B.V. Sells 33,340 Shares of Cheniere Energy, Inc. $LNG

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,098,888 shares of the energy company’s stock after selling 33,340 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Cheniere Energy were worth $295,634,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Financial Life Planners acquired a new position in shares of Cheniere Energy during the first quarter valued at about $26,000. Eastern Bank increased its position in shares of Cheniere Energy by 130.0% during the third quarter. Eastern Bank now owns 115 shares of the energy company’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Community Financial Services Group LLC bought a new stake in shares of Cheniere Energy during the second quarter worth about $29,000. Transamerica Financial Advisors LLC raised its holdings in shares of Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after acquiring an additional 63 shares during the last quarter. Finally, Optiver Holding B.V. raised its holdings in shares of Cheniere Energy by 54.5% in the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after acquiring an additional 48 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent research reports. Barclays raised their price target on shares of Cheniere Energy from $279.00 to $287.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Argus set a $330.00 price target on Cheniere Energy in a research note on Tuesday, August 18th. Royal Bank Of Canada boosted their price objective on Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. Scotiabank set a $311.00 price objective on Cheniere Energy in a report on Thursday, October 15th. Finally, TD Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $310.06.

Cheniere Energy Stock Performance

Shares of LNG opened at $283.42 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $58.54 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.14 and a beta of 0.06. The stock has a 50 day moving average of $277.60 and a 200 day moving average of $260.73. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data 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 return on equity of 29.80% and a net margin of 13.57%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the firm posted $7.30 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 16.81 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were given a dividend of $0.5550 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is currently 16.53%.

About Cheniere Energy

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.