New York Life Investment Management LLC Trims Position in Cheniere Energy, Inc. (NYSE:LNG)

New York Life Investment Management LLC lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 78.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,260 shares of the energy company’s stock after selling 15,784 shares during the period. New York Life Investment Management LLC’s holdings in Cheniere Energy were worth $727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sapient Capital LLC acquired a new position in Cheniere Energy during the fourth quarter worth approximately $1,283,000. Mackenzie Financial Corp raised its position in shares of Cheniere Energy by 28.9% in the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after buying an additional 44,508 shares during the period. Oak Thistle LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $1,144,000. Rheos Capital Works Inc. acquired a new position in Cheniere Energy in the fourth quarter valued at $8,894,000. Finally, Riverstone Advisors LLC grew its position in Cheniere Energy by 3.6% during the fourth quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock valued at $2,540,000 after acquiring an additional 513 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the topic of several research analyst reports. Redburn Atlantic began coverage on Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective on the stock. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their target price on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday. Barclays upped their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Finally, UBS Group cut their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.40.

Cheniere Energy Stock Performance

Shares of LNG opened at $157.21 on Thursday. Cheniere Energy, Inc. has a one year low of $135.30 and a one year high of $183.46. The company has a 50-day simple moving average of $157.93. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The stock has a market capitalization of $36.26 billion, a P/E ratio of 7.66 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last released its earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. The business’s quarterly revenue was down 41.8% compared to the same quarter last year. During the same quarter last year, the company posted $6.89 earnings per share. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 8.4 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. Cheniere Energy’s payout ratio is 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.