Cheniere Energy, Inc. $LNG Shares Sold by Skandinaviska Enskilda Banken AB publ

by · The Cerbat Gem

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 38.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,700 shares of the energy company’s stock after selling 9,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Cheniere Energy were worth $3,581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. raised its stake in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after acquiring an additional 90 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Cheniere Energy during the second quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at approximately $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at approximately $34,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 0.9%

LNG stock opened at $210.41 on Tuesday. The company has a market capitalization of $45.29 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. Cheniere Energy, Inc. has a 12 month low of $188.70 and a 12 month high of $257.65. The firm’s fifty day simple moving average is $219.41 and its 200-day simple moving average is $229.71. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG – Get Free Report) last posted its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the previous year, the firm posted $3.93 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

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

Insider Activity at Cheniere Energy

In related news, Director W Benjamin Moreland bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the acquisition, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LNG. TD Cowen lifted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Raymond James Financial reiterated a “strong-buy” rating and set a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Wells Fargo & Company upped their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $268.47.

Read Our Latest Analysis on LNG

Cheniere Energy Company Profile

(Free Report)

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.

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