First Hawaiian Bank Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

First Hawaiian Bank grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,076 shares of the energy company’s stock after purchasing an additional 889 shares during the period. First Hawaiian Bank’s holdings in Cheniere Energy were worth $2,595,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LNG. Insight Wealth Strategies LLC purchased a new stake in Cheniere Energy in the 4th quarter valued at about $4,455,000. Continuum Advisory LLC increased its position in shares of Cheniere Energy by 42.1% during the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock valued at $2,323,000 after acquiring an additional 3,828 shares during the last quarter. Jennison Associates LLC lifted its holdings in Cheniere Energy by 2.9% during the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after acquiring an additional 37,729 shares during the period. M&G PLC boosted its position in Cheniere Energy by 21.0% in the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after purchasing an additional 46,602 shares during the last quarter. Finally, Nwam LLC bought a new position in Cheniere Energy in the 3rd quarter valued at $2,747,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Up 0.7 %

NYSE:LNG opened at $225.16 on Thursday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $228.10. The stock’s fifty day moving average price is $213.57 and its two-hundred day moving average price is $192.17. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market cap of $50.52 billion, a P/E ratio of 14.38 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company earned $2.37 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, analysts expect that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.89%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LNG shares. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group increased their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

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.