Cheniere Energy, Inc. (NYSE:LNG) is Beaconlight Capital LLC’s 7th Largest Position

Beaconlight Capital LLC cut its position in Cheniere Energy, Inc. (NYSE:LNG) by 19.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,382 shares of the energy company’s stock after selling 16,573 shares during the quarter. Cheniere Energy comprises 5.1% of Beaconlight Capital LLC’s investment portfolio, making the stock its 7th biggest position. Beaconlight Capital LLC’s holdings in Cheniere Energy were worth $12,478,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LNG. The Manufacturers Life Insurance Company raised its stake in Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after purchasing an additional 167,575 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after buying an additional 1,789,919 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its position in shares of Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after buying an additional 273,588 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after acquiring an additional 202,097 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Cheniere Energy by 5.1% in the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after acquiring an additional 99,678 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 0.1 %

Cheniere Energy stock traded down $0.31 during trading hours on Wednesday, reaching $221.59. The stock had a trading volume of 41,459 shares, compared to its average volume of 1,775,693. The company has a fifty day simple moving average of $193.45 and a 200-day simple moving average of $179.78. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44. The stock has a market cap of $49.72 billion, a PE ratio of 14.17 and a beta of 0.94. 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 earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $2.37 earnings per share. Analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LNG. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. UBS Group boosted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, TD Cowen upped their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.89.

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.