Robeco Institutional Asset Management B.V. Decreases Stake in Cheniere Energy, Inc. $LNG

by · The Markets Daily

Robeco Institutional Asset Management B.V. cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,306,848 shares of the energy company’s stock after selling 110,810 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.59% of Cheniere Energy worth $307,083,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LNG. Pinnacle Bancorp Inc. grew its stake in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth about $25,000. Westside Investment Management Inc. boosted its position in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares during the last quarter. Hilltop National Bank purchased a new stake in Cheniere Energy in the second quarter valued at approximately $28,000. Finally, Richardson Financial Services Inc. acquired a new position in Cheniere Energy in the 2nd quarter worth approximately $30,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LNG. The Goldman Sachs Group restated a “buy” rating and set a $275.00 price objective on shares of Cheniere Energy in a research note on Monday, November 3rd. Jefferies Financial Group set a $290.00 target price on shares of Cheniere Energy in a research report on Thursday, October 30th. Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Bank of America reduced their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $267.53.

View Our Latest Stock Report on LNG

Insider Activity

In related news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Price Performance

NYSE:LNG opened at $198.57 on Tuesday. 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, Inc. has a 52 week low of $186.20 and a 52 week high of $257.65. The stock’s 50-day moving average price is $202.42 and its 200-day moving average price is $222.68. The stock has a market capitalization of $42.74 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 6.35 and a beta of 0.26.

Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the prior year, the business posted $3.93 earnings per share. Cheniere Energy’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

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

Cheniere Energy Profile

(Free Report)

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.

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