Cheniere Energy, Inc. $LNG Stock: Robeco Institutional Asset Management B.V. Reduces Holdings

Robeco Institutional Asset Management B.V. reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,098,888 shares of the energy company’s stock after selling 33,340 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.53% of Cheniere Energy worth $295,634,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after buying an additional 1,426,058 shares during the last quarter. Wellington Management Group LLP boosted its position in Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after acquiring an additional 1,656,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cheniere Energy by 12.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after acquiring an additional 239,680 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Cheniere Energy by 50.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after acquiring an additional 289,963 shares during the last quarter. Finally, Chickasaw Capital Management LLC grew its holdings in Cheniere Energy by 4.4% during the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after acquiring an additional 37,325 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 1.1%

LNG opened at $283.42 on Wednesday. The company has a fifty day moving average price of $277.60 and a two-hundred day moving average price of $260.73. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a market cap of $58.54 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.06. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. Cheniere Energy’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the company earned $7.30 EPS. Analysts predict that Cheniere Energy, Inc. will post 16.81 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a $0.5550 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is presently 16.53%.

Analyst Ratings Changes

Several research analysts have recently weighed in on LNG shares. Jefferies Financial Group reissued a “buy” rating and issued a $336.00 price objective on shares of Cheniere Energy in a research report on Saturday, October 10th. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. upped their target price on Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Barclays raised their target price on Cheniere Energy from $279.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Finally, Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $310.06.

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.