Park Place Capital Corp Cuts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Park Place Capital Corp trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 36.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,334 shares of the energy company’s stock after selling 1,350 shares during the period. Park Place Capital Corp’s holdings in Cheniere Energy were worth $502,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy during the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Cheniere Energy during the 2nd quarter valued at $30,000. Finally, City Holding Co. bought a new position in Cheniere Energy in the 4th quarter worth $50,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 2.9 %

Shares of NYSE:LNG opened at $242.43 on Wednesday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The business has a 50 day simple moving average of $221.23 and a two-hundred day simple moving average of $196.72. The firm has a market capitalization of $54.39 billion, a PE ratio of 15.45 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its 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 analyst estimates of $3.76 billion. During the same quarter in the previous year, the business earned $2.37 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts predict that Cheniere Energy, Inc. will post 12.66 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LNG shares. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Scotiabank raised their target price on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Royal Bank of Canada raised their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

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.