Proficio Capital Partners LLC Lowers Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Proficio Capital Partners LLC trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 22.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,133 shares of the energy company’s stock after selling 898 shares during the period. Proficio Capital Partners LLC’s holdings in Cheniere Energy were worth $564,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in Cheniere Energy in the second quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the third quarter worth $27,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy during the second quarter worth $27,000. Carolinas Wealth Consulting LLC boosted its position in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy during the third quarter worth $28,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.8 %

Cheniere Energy stock opened at $205.67 on Monday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $206.18. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.93. The stock has a market cap of $46.15 billion, a PE ratio of 13.13 and a beta of 0.94. The stock’s fifty day moving average is $184.62 and its two-hundred day moving average is $174.68.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $2.37 earnings per share. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 10.84 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is currently 11.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LNG shares. TD Cowen raised their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada raised their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.89.

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.