Union Bancaire Privee UBP SA Sells 5,580 Shares of Cheniere Energy, Inc. $LNG

by · The Markets Daily

Union Bancaire Privee UBP SA trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 31.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,332 shares of the energy company’s stock after selling 5,580 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Cheniere Energy were worth $2,841,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. boosted its holdings in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after buying an additional 59 shares during the period. Westside Investment Management Inc. lifted its position in 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 bought a new stake in shares of Cheniere Energy during the second quarter worth approximately $28,000. Richardson Financial Services Inc. acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $34,000. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a report on Wednesday. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Scotiabank reduced their price target on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. Finally, Bank of America cut their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. One 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’s stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $267.53.

View Our Latest Report on Cheniere Energy

Insider Activity at Cheniere Energy

In related news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Up 0.6%

NYSE LNG opened at $190.46 on Thursday. The business has a fifty day moving average price of $210.53 and a two-hundred day moving average price of $226.87. The stock has a market capitalization of $41.00 billion, a PE ratio of 10.61, a PEG ratio of 4.64 and a beta of 0.26. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.94 and a quick ratio of 0.81.

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, beating the consensus estimate 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 analyst estimates of $4.87 billion. During the same quarter last year, the company posted $3.93 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were paid 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 1.2%. Cheniere Energy’s payout ratio is presently 12.37%.

About Cheniere Energy

(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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