CIBC Asset Management Inc Buys 465 Shares of Cheniere Energy, Inc. (NYSE:LNG)

CIBC Asset Management Inc raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,497 shares of the energy company’s stock after buying an additional 465 shares during the period. CIBC Asset Management Inc’s holdings in Cheniere Energy were worth $2,787,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in Cheniere Energy during the 1st quarter worth approximately $34,000. Kingsview Wealth Management LLC increased its holdings in Cheniere Energy by 4.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 1,924 shares of the energy company’s stock worth $310,000 after acquiring an additional 88 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in Cheniere Energy by 5.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 7,649 shares of the energy company’s stock valued at $1,234,000 after buying an additional 373 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Cheniere Energy by 1.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,555 shares of the energy company’s stock worth $1,380,000 after purchasing an additional 138 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Cheniere Energy by 607.7% in the first quarter. Bessemer Group Inc. now owns 7,919 shares of the energy company’s stock worth $1,277,000 after acquiring an additional 6,800 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.2 %

NYSE LNG opened at $214.86 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a fifty day simple moving average of $188.37 and a two-hundred day simple moving average of $177.06. The stock has a market cap of $48.21 billion, a P/E ratio of 13.72 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $217.95.

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 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 company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.37 earnings per share. Cheniere Energy’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analysts Set New Price Targets

Several brokerages have recently commented on LNG. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. TD Cowen increased their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday. Bank of America began 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. Finally, Barclays upped their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Two equities research 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 company has a consensus rating of “Moderate Buy” and an average target price of $208.44.

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.