Mutual of America Capital Management LLC Cuts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Mutual of America Capital Management LLC cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,882 shares of the energy company’s stock after selling 150 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cheniere Energy were worth $878,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Cheniere Energy during the first quarter worth about $34,000. Lazard Asset Management LLC boosted its holdings in shares of Cheniere Energy by 20.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,795 shares of the energy company’s stock worth $772,000 after purchasing an additional 827 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of Cheniere Energy in the first quarter valued at approximately $818,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Cheniere Energy by 103.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 46,060 shares of the energy company’s stock valued at $7,429,000 after purchasing an additional 23,414 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Cheniere Energy during the first quarter worth approximately $304,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 1.7 %

Shares of LNG stock opened at $221.90 on Wednesday. The firm’s 50-day simple moving average is $193.45 and its 200-day simple moving average is $179.78. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44. The firm has a market cap of $49.79 billion, a P/E ratio of 14.17 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $2.37 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNG. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada lifted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $212.89.

Cheniere Energy Company 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.