Moody National Bank Trust Division Sells 461 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Moody National Bank Trust Division reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,777 shares of the energy company’s stock after selling 461 shares during the period. Moody National Bank Trust Division’s holdings in Cheniere Energy were worth $1,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wedmont Private Capital increased its position in Cheniere Energy by 10.8% in the 4th quarter. Wedmont Private Capital now owns 2,755 shares of the energy company’s stock worth $621,000 after buying an additional 269 shares during the period. Kieckhefer Group LLC bought a new position in Cheniere Energy during the fourth quarter worth $208,000. Brookstone Capital Management raised its stake in Cheniere Energy by 13.4% during the 4th quarter. Brookstone Capital Management now owns 1,875 shares of the energy company’s stock valued at $403,000 after purchasing an additional 221 shares during the last quarter. ORG Wealth Partners LLC boosted its holdings in Cheniere Energy by 512.0% in the 4th quarter. ORG Wealth Partners LLC now owns 1,787 shares of the energy company’s stock valued at $384,000 after purchasing an additional 1,495 shares during the period. Finally, Franklin Street Advisors Inc. NC acquired a new stake in Cheniere Energy in the 4th quarter worth $7,046,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE:LNG opened at $229.69 on Tuesday. The stock has a market capitalization of $51.53 billion, a P/E ratio of 14.67 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $230.11. The firm has a 50 day moving average of $215.81 and a 200-day moving average of $193.53.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company posted $2.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Cheniere Energy’s payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNG. Stifel Nicolaus increased their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank assumed coverage on Cheniere Energy in a research note on Friday. They issued a “sector outperform” rating and a $242.00 target price for the company. Bank of America initiated coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $226.55.

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.