Sanctuary Advisors LLC Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Sanctuary Advisors LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,034 shares of the energy company’s stock after purchasing an additional 1,922 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cheniere Energy were worth $8,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. MCF Advisors LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at $26,000. Carolinas Wealth Consulting LLC grew its holdings in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy during the third quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in Cheniere Energy in the third quarter valued at about $28,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy in the second quarter worth about $30,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus boosted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen lifted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.56.

Cheniere Energy Trading Down 0.7 %

Shares of LNG stock opened at $213.06 on Friday. The stock has a fifty day simple moving average of $203.27 and a two-hundred day simple moving average of $185.26. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $228.10. The firm has a market capitalization of $47.80 billion, a PE ratio of 13.61 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (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 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 business posted $2.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. On average, analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

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.