Nisa Investment Advisors LLC Sells 5,102 Shares of Cheniere Energy, Inc. $LNG

Nisa Investment Advisors LLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,375 shares of the energy company’s stock after selling 5,102 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cheniere Energy were worth $5,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its stake in Cheniere Energy by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock worth $1,141,473,000 after purchasing an additional 26,843 shares in the last quarter. Norges Bank purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth $957,425,000. Geode Capital Management LLC grew its position in shares of Cheniere Energy by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock worth $940,578,000 after buying an additional 70,475 shares in the last quarter. TD Asset Management Inc grew its position in shares of Cheniere Energy by 1.5% during the 2nd quarter. TD Asset Management Inc now owns 1,990,748 shares of the energy company’s stock worth $484,787,000 after buying an additional 28,742 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Cheniere Energy by 0.5% during the second quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock valued at $449,364,000 after buying an additional 8,740 shares during the period. Institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This represents a 102.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Stock Down 1.2%

Shares of Cheniere Energy stock opened at $194.18 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The company has a market cap of $41.79 billion, a P/E ratio of 10.82, a PEG ratio of 6.24 and a beta of 0.26. The firm’s 50 day moving average price is $201.04 and its 200-day moving average price is $221.53. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the firm earned $3.93 earnings per share. Cheniere Energy’s revenue was up 18.0% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were paid a dividend of $0.555 per share. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Analysts Set New Price Targets

LNG has been the subject of a number of research reports. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group restated a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cheniere Energy in a research report on Monday, December 29th. Bank of America cut their price objective on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $267.53.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.