Independent Advisor Alliance Acquires New Stake in Cheniere Energy, Inc. (NYSE:LNG)

Independent Advisor Alliance acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,488 shares of the energy company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. The Manufacturers Life Insurance Company lifted its stake in shares of 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 buying an additional 413,744 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after purchasing an additional 273,588 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after purchasing an additional 202,097 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Cheniere Energy by 5.1% in the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after purchasing an additional 99,678 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.1 %

Cheniere Energy stock opened at $221.77 on Friday. 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 firm has a 50 day moving average price of $195.08 and a 200 day moving average price of $180.36. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The company has a market capitalization of $49.76 billion, a PE ratio of 14.16 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.76 billion. During the same period in the previous year, the firm posted $2.37 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. Research analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Stifel Nicolaus reduced their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays upped their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. TD Cowen lifted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group boosted their target price 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. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.89.

Cheniere Energy 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.