IVC Wealth Advisors LLC Decreases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

IVC Wealth Advisors LLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,024 shares of the energy company’s stock after selling 356 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Cheniere Energy were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LNG. Octavia Wealth Advisors LLC increased its holdings in Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares during the period. Chemistry Wealth Management LLC increased its position in Cheniere Energy by 5.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after acquiring an additional 61 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in Cheniere Energy by 5.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock worth $256,000 after acquiring an additional 61 shares during the period. MAI Capital Management lifted its position in shares of Cheniere Energy by 1.5% during the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after buying an additional 62 shares in the last quarter. Finally, Sapient Capital LLC boosted its holdings in Cheniere Energy by 0.9% in the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after buying an additional 67 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on LNG. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Scotiabank upped their target price on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday. The Goldman Sachs Group lifted their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus upped their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $231.64.

Cheniere Energy Stock Performance

LNG opened at $234.36 on Friday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The stock has a market cap of $52.58 billion, a P/E ratio of 14.97 and a beta of 0.99. 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 stock’s 50 day simple moving average is $221.70 and its 200 day simple moving average is $196.97.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 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 firm 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 EPS. Cheniere Energy’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.