Victory Capital Management Inc. Reduces Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Victory Capital Management Inc. reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 18.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,096 shares of the energy company’s stock after selling 26,174 shares during the quarter. Victory Capital Management Inc.’s holdings in Cheniere Energy were worth $19,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mutual Advisors LLC increased its holdings in shares of Cheniere Energy by 1.0% in the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after purchasing an additional 64 shares during the period. Xcel Wealth Management LLC raised its position in Cheniere Energy by 3.4% during the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock worth $335,000 after buying an additional 65 shares during the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Cheniere Energy by 11.4% in the 3rd quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after acquiring an additional 66 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of Cheniere Energy by 3.1% in the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock worth $373,000 after acquiring an additional 66 shares during the period. Finally, Syon Capital LLC raised its holdings in shares of Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after purchasing an additional 73 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $157.88 on Friday. The firm has a market cap of $36.42 billion, a PE ratio of 7.69 and a beta of 0.95. The company has a fifty day moving average of $158.06. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. The firm’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same quarter last year, the business earned $6.89 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 8.4 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.74 annualized dividend and a yield of 1.10%. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent research reports. TD Cowen reduced their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Barclays boosted their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. UBS Group decreased their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.40.

Cheniere Energy 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.