IFP Advisors Inc Decreases Stake in Cheniere Energy, Inc. $LNG

IFP Advisors Inc reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 38.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,643 shares of the energy company's stock after selling 4,682 shares during the period. IFP Advisors Inc's holdings in Cheniere Energy were worth $1,827,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in Cheniere Energy by 26,965.4% in the 2nd quarter. California State Teachers Retirement System now owns 102,611,534 shares of the energy company's stock worth $24,525,183,000 after acquiring an additional 102,232,409 shares during the last quarter. State Street Corp grew its stake in Cheniere Energy by 2.8% during the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company's stock valued at $1,200,299,000 after purchasing an additional 167,622 shares during the last quarter. Norges Bank acquired a new position in shares of Cheniere Energy in the fourth quarter valued at about $731,774,000. Wellington Management Group LLP increased its holdings in shares of Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock valued at $584,237,000 after purchasing an additional 1,656,194 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Cheniere Energy by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company's stock valued at $443,031,000 after purchasing an additional 253,469 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on LNG. Barclays lifted their target price on Cheniere Energy from $274.00 to $279.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price target for the company. Zacks Research cut shares of Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Scotiabank lifted their price objective on shares of Cheniere Energy from $290.00 to $312.00 and gave the company an "outperform" rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and an average price target of $305.65.

Cheniere Energy Stock Performance

NYSE LNG opened at $278.37 on Friday. The stock has a 50-day simple moving average of $269.73 and a two-hundred day simple moving average of $257.80. The firm has a market capitalization of $57.49 billion and a P/E ratio of 20.73. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.30 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 16.31 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy's dividend payout ratio is currently 16.53%.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.