Alerus Financial NA Sells 1,095 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Alerus Financial NA trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,170 shares of the energy company’s stock after selling 1,095 shares during the period. Alerus Financial NA’s holdings in Cheniere Energy were worth $2,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in shares of Cheniere Energy during the first quarter worth approximately $34,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Cheniere Energy during the first quarter worth $304,000. Cetera Investment Advisers lifted its stake in shares of Cheniere Energy by 897.7% during the first quarter. Cetera Investment Advisers now owns 74,599 shares of the energy company’s stock valued at $12,031,000 after acquiring an additional 67,122 shares during the period. Cetera Advisors LLC boosted its holdings in Cheniere Energy by 5.7% in the first quarter. Cetera Advisors LLC now owns 14,808 shares of the energy company’s stock valued at $2,388,000 after acquiring an additional 792 shares during the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in Cheniere Energy by 12.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 1,941 shares of the energy company’s stock worth $339,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNG. UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus dropped their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. TD Cowen upped their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $212.89.

Cheniere Energy Trading Up 1.0 %

LNG stock opened at $224.01 on Friday. The company has a fifty day moving average price of $195.95 and a two-hundred day moving average price of $181.01. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market cap of $50.26 billion, a price-to-earnings ratio of 14.30 and a beta of 0.94. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $225.44.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.37 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

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

Cheniere Energy 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.