Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Lessened by SCP Investment LP

by · The Cerbat Gem

SCP Investment LP reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 56.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,800 shares of the energy company’s stock after selling 5,000 shares during the quarter. Cheniere Energy makes up approximately 0.5% of SCP Investment LP’s portfolio, making the stock its 22nd largest position. SCP Investment LP’s holdings in Cheniere Energy were worth $683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its stake in shares of Cheniere Energy by 2.9% during the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after buying an additional 37,729 shares during the period. Prospera Private Wealth LLC purchased a new position in Cheniere Energy in the third quarter valued at about $4,167,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Cheniere Energy in the 3rd quarter worth about $10,315,000. Banque Cantonale Vaudoise raised its stake in shares of Cheniere Energy by 6.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 24,473 shares of the energy company’s stock worth $4,401,000 after purchasing an additional 1,531 shares in the last quarter. Finally, SouthState Corp lifted its holdings in shares of Cheniere Energy by 8.1% during the 3rd quarter. SouthState Corp now owns 24,725 shares of the energy company’s stock valued at $4,447,000 after buying an additional 1,863 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LNG shares. TD Cowen raised their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. UBS Group raised their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus cut their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.44.

Get Our Latest Analysis on LNG

Cheniere Energy Stock Up 2.5 %

Shares of LNG stock opened at $220.18 on Wednesday. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $220.30. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm has a market cap of $49.40 billion, a PE ratio of 14.06 and a beta of 0.94. The stock has a 50 day moving average of $189.22 and a 200-day moving average of $177.50.

Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm earned $2.37 EPS. The business’s revenue was down 9.5% on a year-over-year basis. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Cheniere Energy Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG – Free Report).