Courier Capital LLC Sells 225 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Courier Capital LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,487 shares of the energy company’s stock after selling 225 shares during the period. Courier Capital LLC’s holdings in Cheniere Energy were worth $2,246,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Octavia Wealth Advisors LLC lifted its position in Cheniere Energy by 3.7% during the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after purchasing an additional 54 shares during the period. Signature Wealth Management Group raised its position in shares of Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after buying an additional 66 shares in the last quarter. Sapient Capital LLC lifted its holdings in shares of Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 67 shares during the period. Capital Advisors Ltd. LLC increased its stake in Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after acquiring an additional 68 shares during the last quarter. Finally, E&G Advisors LP raised its position in Cheniere Energy by 5.2% during the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after purchasing an additional 70 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on LNG. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Cheniere Energy Price Performance

LNG stock opened at $182.86 on Thursday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $193.16. The company has a market capitalization of $41.86 billion, a P/E ratio of 8.91 and a beta of 0.94. The company has a fifty day moving average price of $183.05 and a 200-day moving average price of $171.95.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. As a group, equities analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Wednesday, August 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s dividend payout ratio is currently 8.48%.

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.