Russell Investments Group Ltd. Cuts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Russell Investments Group Ltd. trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,327 shares of the energy company’s stock after selling 80,156 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.34% of Cheniere Energy worth $137,823,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LNG. Avior Wealth Management LLC increased its holdings in shares of Cheniere Energy by 133.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the energy company’s stock valued at $58,000 after purchasing an additional 200 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Cheniere Energy by 1.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 92,106 shares of the energy company’s stock valued at $15,286,000 after purchasing an additional 1,545 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $219,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $208,000. Finally, Red Door Wealth Management LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $266,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock traded down $0.22 on Friday, hitting $159.14. 1,286,921 shares of the stock traded hands, compared to its average volume of 1,593,861. The company’s 50-day moving average price is $157.96. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The company has a market capitalization of $36.71 billion, a PE ratio of 3.93 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve month high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $3.06. The firm 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%. Cheniere Energy’s revenue was down 46.9% on a year-over-year basis. During the same period in the previous year, the firm earned $15.78 EPS. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.09%. Cheniere Energy’s payout ratio is 4.30%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of research analyst reports. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. UBS Group dropped their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen dropped their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Barclays lifted their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Finally, StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.90.

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.