Union Bancaire Privee UBP SA Has $2.84 Million Stake in Cheniere Energy, Inc. $LNG

Union Bancaire Privee UBP SA lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 31.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,332 shares of the energy company’s stock after selling 5,580 shares during the period. Union Bancaire Privee UBP SA’s holdings in Cheniere Energy were worth $2,841,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LNG. Pinnacle Bancorp Inc. grew its holdings in shares of Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Westside Investment Management Inc. increased its position in Cheniere Energy by 473.7% in the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after acquiring an additional 90 shares during the period. Hilltop National Bank bought a new position in shares of Cheniere Energy during the second quarter valued at $28,000. Richardson Financial Services Inc. acquired a new position in shares of Cheniere Energy during the second quarter worth $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Cheniere Energy in the second quarter worth $34,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $190.46 on Thursday. The stock has a market capitalization of $41.00 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 4.64 and a beta of 0.26. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.81 and a current ratio of 0.94. The stock’s 50 day moving average price is $210.53 and its two-hundred day moving average price is $226.87.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. Cheniere Energy’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.93 EPS. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were paid a $0.555 dividend. The ex-dividend date was Friday, November 7th. This represents a $2.22 annualized dividend and a dividend yield of 1.2%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

Insider Activity at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This represents a 102.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on LNG shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a report on Wednesday. Jefferies Financial Group set a $290.00 target price on Cheniere Energy in a report on Thursday, October 30th. Bank of America decreased their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.53.

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.