Moors & Cabot Inc. Boosts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Moors & Cabot Inc. raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.1% in the third quarter, Holdings Channel reports. The institutional investor owned 3,389 shares of the energy company’s stock after buying an additional 284 shares during the quarter. Moors & Cabot Inc.’s holdings in Cheniere Energy were worth $609,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in shares of Cheniere Energy in the 2nd quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy during the 3rd quarter valued at about $27,000. Lynx Investment Advisory purchased a new position in Cheniere Energy in the second quarter worth about $27,000. Carolinas Wealth Consulting LLC grew its holdings in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy during the third quarter valued at approximately $28,000. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LNG has been the topic of several analyst reports. TD Cowen upped their price objective on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. 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 report on Wednesday, October 16th. Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $208.44.

Cheniere Energy Stock Down 1.0 %

LNG opened at $222.66 on Friday. The firm’s 50 day simple moving average is $191.92 and its two-hundred day simple moving average is $178.59. The company has a market capitalization of $49.96 billion, a PE ratio of 14.22 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $2.37 EPS. Cheniere Energy’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities analysts forecast 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 was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

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.