IVC Wealth Advisors LLC Reduces Holdings in Cheniere Energy, Inc. (NYSE:LNG)

IVC Wealth Advisors LLC cut its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,024 shares of the energy company’s stock after selling 356 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Cheniere Energy were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC purchased a new stake in Cheniere Energy during the 4th quarter worth approximately $2,127,000. Insight Wealth Strategies LLC acquired a new position in shares of Cheniere Energy in the 4th quarter worth approximately $4,455,000. Covea Finance boosted its holdings in Cheniere Energy by 18.8% in the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after purchasing an additional 19,200 shares during the period. Kathmere Capital Management LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $245,000. Finally, Continuum Advisory LLC raised its position in shares of Cheniere Energy by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LNG. Royal Bank of Canada lifted 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. Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. UBS Group increased their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen boosted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $231.64.

Cheniere Energy Trading Up 0.4 %

LNG opened at $234.36 on Friday. The company’s 50 day moving average price is $221.70 and its two-hundred day moving average price is $196.97. The firm has a market capitalization of $52.58 billion, a price-to-earnings ratio of 14.97 and a beta of 0.99. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. 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 posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping 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 firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $2.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, research analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 yield of 0.85%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

About Cheniere Energy

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.