Wilmington Savings Fund Society FSB Takes $159,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Wilmington Savings Fund Society FSB acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 884 shares of the energy company’s stock, valued at approximately $159,000.

Several other hedge funds have also recently added to or reduced their stakes in LNG. Envestnet Portfolio Solutions Inc. boosted its position in shares of Cheniere Energy by 27.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,570 shares of the energy company’s stock valued at $624,000 after acquiring an additional 776 shares during the period. Blue Trust Inc. boosted its holdings in Cheniere Energy by 439.5% in the 2nd quarter. Blue Trust Inc. now owns 464 shares of the energy company’s stock valued at $75,000 after purchasing an additional 378 shares during the period. Atria Wealth Solutions Inc. grew its position in Cheniere Energy by 105.9% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 17,298 shares of the energy company’s stock worth $850,000 after purchasing an additional 8,898 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Cheniere Energy by 313.0% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 144,786 shares of the energy company’s stock worth $25,313,000 after purchasing an additional 109,725 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in shares of Cheniere Energy during the second quarter valued at about $84,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.9 %

Shares of NYSE LNG opened at $206.65 on Thursday. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $228.10. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business has a fifty day moving average of $204.45 and a two-hundred day moving average of $186.38. The stock has a market cap of $46.37 billion, a PE ratio of 13.20 and a beta of 0.97.

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

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $221.00.

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.