Chesapeake Capital Corp IL Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Chesapeake Capital Corp IL boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 129.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,274 shares of the energy company’s stock after acquiring an additional 1,849 shares during the period. Chesapeake Capital Corp IL’s holdings in Cheniere Energy were worth $589,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LNG. The Manufacturers Life Insurance Company grew its stake in shares of Cheniere Energy by 8.5% in the 2nd 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. Tortoise Capital Advisors L.L.C. grew its stake in shares of Cheniere Energy by 9.2% in 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 buying an additional 273,588 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Cheniere Energy by 7.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after buying an additional 202,097 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Cheniere Energy by 5.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after buying an additional 99,678 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cheniere Energy by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock worth $346,268,000 after buying an additional 240,427 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 0.7 %

Shares of LNG opened at $212.30 on Friday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $217.95. The company has a 50-day moving average of $187.64 and a 200 day moving average of $176.54. The firm has a market capitalization of $47.63 billion, a price-to-earnings ratio of 13.56 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced 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 net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $2.37 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. Cheniere Energy’s payout ratio is 12.77%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LNG. TD Cowen lifted their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Stifel Nicolaus dropped 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. 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. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target 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.