Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 328.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 894,600 shares of the energy company’s stock after purchasing an additional 685,662 shares during the period. Two Sigma Advisers LP owned about 0.40% of Cheniere Energy worth $160,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 1,490.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after acquiring an additional 1,834,347 shares during the last quarter. Darlington Partners Capital Management LP lifted its position in shares of Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after purchasing an additional 647,096 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Cheniere Energy by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after purchasing an additional 413,744 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Cheniere Energy by 854.3% in the second quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company’s stock valued at $80,201,000 after buying an additional 410,668 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its stake in Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after buying an additional 273,588 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

NYSE LNG opened at $226.15 on Friday. The firm has a market capitalization of $50.74 billion, a PE ratio of 14.44 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The company’s 50 day simple moving average is $199.45 and its 200 day simple moving average is $182.68.

Cheniere Energy (NYSE:LNG) last announced 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 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 analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm posted $2.37 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LNG. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. UBS Group lifted their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays increased their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $216.56.

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.