PNC Financial Services Group Inc. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,527 shares of the energy company’s stock after selling 602 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cheniere Energy were worth $2,079,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Rational Advisors LLC acquired a new position in Cheniere Energy during the third quarter worth $59,000. Catalyst Capital Advisors LLC increased its stake in Cheniere Energy by 0.4% during the third quarter. Catalyst Capital Advisors LLC now owns 146,131 shares of the energy company’s stock worth $24,252,000 after purchasing an additional 600 shares during the period. Fiera Capital Corp lifted its position in shares of Cheniere Energy by 1.7% during the third quarter. Fiera Capital Corp now owns 37,339 shares of the energy company’s stock worth $6,197,000 after purchasing an additional 615 shares in the last quarter. Navellier & Associates Inc. boosted its stake in shares of Cheniere Energy by 24.1% in the third quarter. Navellier & Associates Inc. now owns 3,822 shares of the energy company’s stock valued at $634,000 after purchasing an additional 741 shares during the period. Finally, Vectors Research Management LLC increased its stake in Cheniere Energy by 1.0% during the 3rd quarter. Vectors Research Management LLC now owns 10,135 shares of the energy company’s stock worth $1,682,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 85.86% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Barclays boosted their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. StockNews.com cut shares of Cheniere Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Mizuho boosted their price target on shares of Cheniere Energy from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $198.70.
Get Our Latest Stock Report on Cheniere Energy
Cheniere Energy Stock Performance
NYSE LNG opened at $157.68 on Friday. Cheniere Energy, Inc. has a one year low of $135.30 and a one year high of $183.46. The firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 3.12, a PEG ratio of 0.66 and a beta of 0.96. The company has a fifty day simple moving average of $164.53. The company has a current ratio of 1.54, a quick ratio of 1.43 and a debt-to-equity ratio of 3.02.
Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a return on equity of 154.07% and a net margin of 50.46%. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the business earned $15.78 EPS. The firm’s revenue was down 46.9% compared to the same quarter last year. Research analysts predict that Cheniere Energy, Inc. will post 17.72 earnings per share for the current year.
Cheniere Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th will be paid a $0.435 dividend. The ex-dividend date is Monday, February 5th. This represents a $1.74 annualized dividend and a yield of 1.10%. Cheniere Energy’s dividend payout ratio is currently 3.44%.
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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Source: defenseworld.net
