Mather Group LLC. Sells 3,434 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Mather Group LLC. decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 87.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 497 shares of the energy company’s stock after selling 3,434 shares during the period. Mather Group LLC.’s holdings in Cheniere Energy were worth $89,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Signature Wealth Management Group increased its holdings in Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after purchasing an additional 66 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Cheniere Energy by 57.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after acquiring an additional 68 shares during the last quarter. E&G Advisors LP raised its position in shares of Cheniere Energy by 5.2% in the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after acquiring an additional 70 shares during the period. Syon Capital LLC boosted its stake in Cheniere Energy by 4.7% during the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after acquiring an additional 73 shares during the last quarter. Finally, Accordant Advisory Group Inc grew its holdings in Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock valued at $3,389,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LNG shares. Barclays lifted their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. TD Cowen increased their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein started coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Cheniere Energy Stock Down 0.5 %

Shares of Cheniere Energy stock opened at $190.83 on Friday. The firm has a market cap of $43.18 billion, a PE ratio of 10.17 and a beta of 0.94. The business’s 50 day simple moving average is $182.51 and its 200 day simple moving average is $170.58. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $193.16.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. On average, analysts predict that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy announced that its board has initiated a share repurchase plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. The ex-dividend date was Wednesday, August 7th. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a yield of 1.62%. Cheniere Energy’s payout ratio is 9.28%.

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.