2,436 Shares of Cheniere Energy, Inc. $LNG Bought by Verity Asset Management Inc.

Verity Asset Management Inc. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,436 shares of the energy company’s stock, valued at approximately $655,000.

Several other large investors have also recently bought and sold shares of the stock. Eastern Bank raised its position in shares of Cheniere Energy by 130.0% during the 3rd quarter. Eastern Bank now owns 115 shares of the energy company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in shares of Cheniere Energy by 510.5% in the third quarter. Washington Trust Advisors Inc. now owns 116 shares of the energy company’s stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. Curry Webb Wealth Management LLC bought a new position in shares of Cheniere Energy in the third quarter valued at approximately $32,000. Community Financial Services Group LLC bought a new position in shares of Cheniere Energy in the second quarter valued at approximately $29,000. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Cheniere Energy by 91.3% during the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LNG. Argus set a $330.00 target price on Cheniere Energy in a research report on Tuesday, August 18th. Jefferies Financial Group reiterated a “buy” rating and set a $336.00 price target on shares of Cheniere Energy in a research report on Saturday, October 10th. Barclays lifted their price target on Cheniere Energy from $287.00 to $328.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Morgan Stanley upped their price objective on Cheniere Energy from $310.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Finally, Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.41.

View Our Latest Analysis on LNG

Cheniere Energy Stock Down 6.2%

LNG stock opened at $291.74 on Thursday. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $330.73. The company’s 50 day simple moving average is $283.62 and its 200-day simple moving average is $257.28. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76. The firm has a market capitalization of $59.57 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.95 and a beta of 0.01.

Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a net margin of 13.08% and a return on equity of 26.73%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.30 EPS. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 21.74 EPS for the current year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be issued a dividend of $0.6250 per share. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.5550. This represents a $2.50 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 9th. Cheniere Energy’s dividend payout ratio is 15.49%.

More Cheniere Energy News

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Cheniere Energy Company Profile

(Free Report)

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.

See Also

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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