Raymond James & Associates Sells 821 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Raymond James & Associates cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,396 shares of the energy company’s stock after selling 821 shares during the quarter. Raymond James & Associates owned approximately 0.11% of Cheniere Energy worth $42,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rheos Capital Works Inc. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $8,894,000. Wealthstar Advisors LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $304,000. CoreCap Advisors LLC raised its holdings in shares of Cheniere Energy by 24.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,887 shares of the energy company’s stock valued at $493,000 after purchasing an additional 561 shares during the period. Premier Path Wealth Partners LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $232,000. Finally, Everhart Financial Group Inc. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $243,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 0.1 %

Shares of NYSE:LNG opened at $161.27 on Friday. The stock’s 50 day simple moving average is $162.53. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The firm has a market cap of $37.85 billion, a price-to-earnings ratio of 3.98, a PEG ratio of 0.69 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63.

Cheniere Energy (NYSE:LNG) last announced its 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. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the business posted $15.78 EPS. The business’s revenue was down 46.9% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy, Inc. will post 8.98 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. Cheniere Energy’s payout ratio is presently 4.30%.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of research analyst reports. Mizuho upped their target price on shares of Cheniere Energy from $187.00 to $195.00 and gave the company a “buy” rating in a report on Friday, December 15th. Barclays upped their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. TD Cowen decreased their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Finally, StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cheniere Energy presently has an average rating of “Buy” and a consensus price target of $197.10.

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.