Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Prudential PLC

Prudential PLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 75.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,399 shares of the energy company’s stock after selling 118,749 shares during the period. Prudential PLC’s holdings in Cheniere Energy were worth $6,888,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LNG. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy during the first quarter worth approximately $26,000. MCF Advisors LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy during the 2nd quarter worth $27,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $28,000. Finally, Riverview Trust Co purchased a new stake in shares of Cheniere Energy in the first quarter valued at about $29,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on LNG shares. Stifel Nicolaus cut their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barclays raised their price target on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Sanford C. Bernstein started coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $196.00.

Cheniere Energy Trading Down 1.2 %

Shares of LNG stock opened at $178.49 on Tuesday. The stock has a market cap of $40.39 billion, a P/E ratio of 8.69 and a beta of 0.95. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $187.44. The business has a fifty day simple moving average of $179.97 and a 200-day simple moving average of $166.31. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the firm earned $5.61 earnings per share. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. On average, analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy announced that its board has approved a share repurchase program on Monday, June 17th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the energy company to buy up to 9.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, August 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.