Mitsubishi UFJ Trust & Banking Corp Reduces Stock Position in Cheniere Energy, Inc. $LNG

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,074 shares of the energy company’s stock after selling 95,018 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.39% of Cheniere Energy worth $201,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Altman Advisors Inc. raised its position in shares of Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock worth $2,409,000 after acquiring an additional 44 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Cheniere Energy by 1.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock valued at $768,000 after purchasing an additional 47 shares during the last quarter. Childress Capital Advisors LLC raised its holdings in Cheniere Energy by 0.9% during the third quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock worth $1,265,000 after purchasing an additional 47 shares in the last quarter. Bailard Inc. raised its holdings in Cheniere Energy by 0.7% during the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after purchasing an additional 49 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its position in shares of Cheniere Energy by 1.5% during the 2nd quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock worth $806,000 after buying an additional 50 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on LNG shares. Scotiabank reiterated an “outperform” rating and set a $266.00 price target on shares of Cheniere Energy in a research note on Friday, January 16th. Bank of America dropped their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. BMO Capital Markets reissued an “outperform” rating and issued a $254.00 target price on shares of Cheniere Energy in a report on Wednesday, December 17th. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research note on Thursday, October 30th. Finally, Weiss Ratings lowered Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $265.59.

Insider Transactions at Cheniere Energy

In other news, Director W Benjamin Moreland acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE LNG opened at $207.35 on Friday. The firm has a market cap of $44.63 billion, a P/E ratio of 11.55, a P/E/G ratio of 6.61 and a beta of 0.26. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $246.42. The business’s 50-day moving average price is $199.48 and its 200 day moving average price is $219.20. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the firm earned $3.93 EPS. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were given a $0.555 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. Cheniere Energy’s payout ratio is 12.37%.

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.