Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 23.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,394 shares of the energy company’s stock after purchasing an additional 1,203 shares during the quarter. Raymond James Trust N.A.’s holdings in Cheniere Energy were worth $1,150,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy in the second quarter valued at about $27,000. Carolinas Wealth Consulting LLC grew its position in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $27,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $222.60 on Monday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month 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. The firm has a 50-day moving average of $191.92 and a two-hundred day moving average of $178.90. The company has a market capitalization of $49.94 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.76 billion. During the same period last year, the company posted $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is presently 12.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LNG shares. Barclays boosted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Stifel Nicolaus lowered their price objective 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. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen lifted their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, UBS Group boosted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.44.

About Cheniere Energy

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.