Stokes Capital Advisors LLC Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Stokes Capital Advisors LLC lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 11.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,925 shares of the energy company’s stock after buying an additional 2,780 shares during the period. Stokes Capital Advisors LLC’s holdings in Cheniere Energy were worth $4,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Riverview Trust Co purchased a new position in shares of Cheniere Energy in the first quarter worth about $29,000. Annex Advisory Services LLC purchased a new position in shares of Cheniere Energy in the first quarter worth about $258,000. Global Assets Advisory LLC purchased a new position in shares of Cheniere Energy in the first quarter worth about $3,855,000. AdvisorNet Financial Inc lifted its stake in shares of Cheniere Energy by 10.4% in the first quarter. AdvisorNet Financial Inc now owns 1,165 shares of the energy company’s stock worth $188,000 after buying an additional 110 shares in the last quarter. Finally, True North Advisors LLC lifted its stake in shares of Cheniere Energy by 9.7% in the first quarter. True North Advisors LLC now owns 4,693 shares of the energy company’s stock worth $757,000 after buying an additional 416 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded up $2.75 on Friday, reaching $174.95. The company had a trading volume of 836,521 shares, compared to its average volume of 1,905,673. The business has a 50 day simple moving average of $159.22. The stock has a market cap of $40.05 billion, a price-to-earnings ratio of 8.53 and a beta of 0.95. Cheniere Energy, Inc. has a 52-week low of $148.57 and a 52-week high of $183.46. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. Cheniere Energy’s revenue was down 41.8% on a year-over-year basis. During the same period last year, the firm posted $6.89 earnings per share. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 8.33 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, August 9th. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research note on Monday. They set an “outperform” rating on the stock. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Finally, Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.64.

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.