Cheniere Energy, Inc. $LNG Stock Holdings Lessened by Forum Financial Management LP

Forum Financial Management LP cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 70.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,123 shares of the energy company’s stock after selling 2,716 shares during the period. Forum Financial Management LP’s holdings in Cheniere Energy were worth $319,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of LNG. Norges Bank acquired a new position in Cheniere Energy in the fourth quarter valued at approximately $731,774,000. Marshall Wace LLP grew its holdings in shares of Cheniere Energy by 555.0% during the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock valued at $157,483,000 after purchasing an additional 686,459 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Cheniere Energy by 518.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after purchasing an additional 484,198 shares during the period. Vanguard Group Inc. raised its position in shares of Cheniere Energy by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after purchasing an additional 414,022 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Cheniere Energy by 3,902.4% in the 4th quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock worth $75,749,000 after purchasing an additional 379,940 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG opened at $238.67 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The business’s 50-day moving average price is $242.90 and its 200 day moving average price is $233.86. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The firm has a market cap of $50.01 billion and a P/E ratio of 39.25.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. Cheniere Energy’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.57 EPS. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Analysts Set New Price Targets

LNG has been the subject of a number of recent research reports. Bank of America upped their price objective on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target for the company. UBS Group set a $290.00 price objective on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, Morgan Stanley cut their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.