VisionPoint Advisory Group LLC Lowers Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

VisionPoint Advisory Group LLC reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,010 shares of the energy company’s stock after selling 351 shares during the period. VisionPoint Advisory Group LLC’s holdings in Cheniere Energy were worth $2,429,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy in the third quarter valued at $28,000. Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $43,000. City Holding Co. acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $50,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after acquiring an additional 128 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE LNG opened at $226.80 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The business’s 50-day moving average price is $222.92 and its 200 day moving average price is $203.27. The firm has a market cap of $50.89 billion, a P/E ratio of 14.48 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. On average, equities research analysts expect that Cheniere Energy, Inc. will post 12.77 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays raised their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group raised their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley raised their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy 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.