Raiffeisen Bank International AG Cuts Position in Cheniere Energy, Inc. $LNG

Raiffeisen Bank International AG decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 70.9% in the second quarter, Holdings Channel.com reports. The firm owned 6,365 shares of the energy company’s stock after selling 15,498 shares during the period. Raiffeisen Bank International AG’s holdings in Cheniere Energy were worth $1,507,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Cheniere Energy by 3.6% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 205,029 shares of the energy company’s stock valued at $49,929,000 after buying an additional 7,076 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in shares of Cheniere Energy during the second quarter valued at $6,976,000. Waratah Capital Advisors Ltd. raised its position in shares of Cheniere Energy by 206.0% in the 2nd quarter. Waratah Capital Advisors Ltd. now owns 149,073 shares of the energy company’s stock worth $36,302,000 after purchasing an additional 100,350 shares during the last quarter. MTM Investment Management LLC bought a new position in Cheniere Energy in the 2nd quarter worth about $62,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Cheniere Energy by 9.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 252,853 shares of the energy company’s stock worth $62,073,000 after purchasing an additional 21,942 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of analyst reports. Cowen restated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. Raymond James Financial restated a “strong-buy” rating and issued a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Scotiabank cut their target price on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. Finally, TD Cowen lifted their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $268.47.

Insider Buying and Selling

In other news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares in the company, valued at $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Down 0.9%

Shares of Cheniere Energy stock opened at $213.28 on Wednesday. Cheniere Energy, Inc. has a twelve month low of $188.70 and a twelve month high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The company’s 50 day moving average is $224.31 and its 200 day moving average is $231.46. The company has a market cap of $45.91 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.93 EPS. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were issued a $0.555 dividend. The ex-dividend date of this dividend was Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is presently 12.37%.

About Cheniere Energy

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.