Allspring Global Investments Holdings LLC Reduces Position in Cheniere Energy, Inc. (NYSE:LNG)

Allspring Global Investments Holdings LLC cut its position in Cheniere Energy, Inc. (NYSE:LNG) by 11.8% during the fourth quarter, HoldingsChannel reports. The firm owned 27,396 shares of the energy company’s stock after selling 3,676 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Cheniere Energy were worth $4,677,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bornite Capital Management LP purchased a new position in shares of Cheniere Energy in the 1st quarter valued at $13,865,000. MetLife Investment Management LLC purchased a new position in shares of Cheniere Energy in the 1st quarter valued at $2,102,000. Yousif Capital Management LLC grew its position in shares of Cheniere Energy by 7.3% in the 1st quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock valued at $703,000 after buying an additional 345 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Cheniere Energy by 95.0% in the 1st quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock valued at $589,000 after buying an additional 2,068 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Cheniere Energy by 22.8% in the 1st quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock valued at $594,000 after buying an additional 797 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.0 %

NYSE:LNG opened at $162.07 on Friday. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The company’s 50-day simple moving average is $158.09. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve month high of $183.46. The stock has a market cap of $37.38 billion, a P/E ratio of 4.00 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the firm posted $15.78 EPS. The firm’s revenue for the quarter was down 46.9% on a year-over-year basis. On average, equities research analysts predict that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a yield of 1.07%. Cheniere Energy’s dividend payout ratio (DPR) is currently 4.30%.

Wall Street Analysts Forecast Growth

LNG has been the subject of several recent analyst reports. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research note on Tuesday. They issued a “neutral” rating and a $162.00 target price for the company. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Barclays raised their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Finally, TD Cowen reduced their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.30.

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.