Icon Wealth Advisors LLC Has $584,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Icon Wealth Advisors LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 151.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,246 shares of the energy company’s stock after purchasing an additional 1,953 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Cheniere Energy were worth $584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new position in shares of Cheniere Energy during the second quarter worth $26,000. Lynx Investment Advisory acquired a new position in Cheniere Energy in the 2nd quarter worth about $27,000. Carolinas Wealth Consulting LLC increased its holdings in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Cheniere Energy in the third quarter valued at about $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the third quarter valued at about $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

LNG stock opened at $222.60 on Friday. The firm has a market cap of $49.94 billion, a PE ratio of 14.21 and a beta of 0.94. 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 stock has a 50-day moving average price of $191.92 and a 200-day moving average price of $178.75. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44.

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

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors 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 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s payout ratio is presently 12.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LNG. UBS Group raised their price objective 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. Barclays raised their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Bank of America started coverage on shares of 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 lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has an average 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.