Cheniere Energy, Inc. (NYSE:LNG) Stock Position Lifted by Prospera Financial Services Inc

Prospera Financial Services Inc grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,891 shares of the energy company’s stock after purchasing an additional 90 shares during the period. Prospera Financial Services Inc’s holdings in Cheniere Energy were worth $700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LNG. Massachusetts Financial Services Co. MA increased 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 buying an additional 1,834,347 shares during the period. Darlington Partners Capital Management LP boosted its holdings in shares of Cheniere Energy by 74.6% in the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock valued at $264,720,000 after acquiring an additional 647,096 shares in the last quarter. Zimmer Partners LP increased its stake in shares of Cheniere Energy by 61.4% during the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after acquiring an additional 465,000 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy by 8.5% during 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. Finally, 1832 Asset Management L.P. lifted its position 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 worth $80,201,000 after purchasing an additional 410,668 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Trading Down 1.1 %

Cheniere Energy stock opened at $222.60 on Friday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44. 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 market capitalization of $49.94 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94. The company has a 50 day moving average price of $191.92 and a 200 day moving average price of $178.75.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.37 earnings per share. Research analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on LNG shares. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen boosted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, UBS Group raised their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.44.

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.