Sigma Planning Corp Trims Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Sigma Planning Corp trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 65.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,435 shares of the energy company’s stock after selling 4,600 shares during the quarter. Sigma Planning Corp’s holdings in Cheniere Energy were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Farmers & Merchants Investments Inc. increased its position in shares of Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after acquiring an additional 60 shares during the period. Mutual Advisors LLC increased its position in shares of Cheniere Energy by 1.0% in the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after acquiring an additional 64 shares during the period. Xcel Wealth Management LLC increased its position in shares of Cheniere Energy by 3.4% in the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after acquiring an additional 65 shares during the period. Winch Advisory Services LLC increased its position in shares of Cheniere Energy by 11.4% in the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after acquiring an additional 66 shares during the period. Finally, Simon Quick Advisors LLC increased its position in shares of Cheniere Energy by 3.1% in the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after acquiring an additional 66 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. TD Cowen decreased their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Barclays increased their target price on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. UBS Group decreased their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Redburn Atlantic started coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Trading Down 0.1 %

Shares of LNG opened at $159.14 on Friday. The company’s fifty day simple moving average is $157.96. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The stock has a market cap of $36.71 billion, a P/E ratio of 3.93 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same period last year, the business posted $15.78 EPS. As a group, research analysts forecast that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be paid a $0.435 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.09%. Cheniere Energy’s dividend payout ratio (DPR) is currently 4.30%.

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.