Mutual of America Capital Management LLC Sells 473 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Mutual of America Capital Management LLC trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,277 shares of the energy company’s stock after selling 473 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cheniere Energy were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LNG. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 5.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock valued at $672,559,000 after purchasing an additional 220,802 shares during the last quarter. Pacer Advisors Inc. grew its position in Cheniere Energy by 3.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock worth $332,886,000 after acquiring an additional 64,297 shares in the last quarter. Northern Trust Corp increased its stake in Cheniere Energy by 5.1% in the third quarter. Northern Trust Corp now owns 1,667,834 shares of the energy company’s stock valued at $276,794,000 after acquiring an additional 80,399 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Cheniere Energy by 73.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after purchasing an additional 631,100 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Cheniere Energy by 35.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock worth $232,319,000 after purchasing an additional 367,275 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.9 %

Shares of Cheniere Energy stock opened at $160.56 on Tuesday. The company has a market cap of $37.03 billion, a price-to-earnings ratio of 3.96 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The stock has a fifty day moving average price of $158.04.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company’s revenue was down 46.9% on a year-over-year basis. During the same quarter last year, the firm earned $15.78 EPS. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were given a $0.435 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.08%. Cheniere Energy’s dividend payout ratio is 4.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen cut their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Barclays upped their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Finally, Redburn Atlantic began coverage on Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.56.

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.