Horizon Kinetics Asset Management LLC Sells 4,605 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Horizon Kinetics Asset Management LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 468,764 shares of the energy company’s stock after selling 4,605 shares during the period. Cheniere Energy comprises approximately 1.3% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 11th largest position. Horizon Kinetics Asset Management LLC’s holdings in Cheniere Energy were worth $84,303,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its holdings in Cheniere Energy by 2,176.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,777 shares of the energy company’s stock worth $499,000 after buying an additional 2,655 shares during the period. Independent Advisor Alliance acquired a new position in shares of Cheniere Energy in the third quarter worth approximately $268,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Cheniere Energy in the third quarter worth approximately $1,994,000. Fisher Asset Management LLC boosted its holdings in Cheniere Energy by 48.4% in the third quarter. Fisher Asset Management LLC now owns 2,290 shares of the energy company’s stock valued at $412,000 after acquiring an additional 747 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its position in Cheniere Energy by 22.1% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,091 shares of the energy company’s stock valued at $376,000 after purchasing an additional 378 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 1.0 %

Shares of NYSE:LNG opened at $224.82 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $225.44. The business’s 50 day simple moving average is $191.92 and its two-hundred day simple moving average is $178.90. The firm has a market cap of $50.44 billion, a P/E ratio of 14.21 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business earned $2.37 EPS. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LNG. Royal Bank of Canada boosted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. TD Cowen increased their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Finally, UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.44.

Cheniere Energy Company 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 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.