Cerity Partners LLC Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cerity Partners LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,838 shares of the energy company’s stock after purchasing an additional 10,071 shares during the quarter. Cerity Partners LLC’s holdings in Cheniere Energy were worth $17,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of Cheniere Energy in the second quarter valued at $26,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy in the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC grew its stake in shares of 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 buying an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter worth about $27,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $28,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LNG shares. 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. TD Cowen raised their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. 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 target price on the stock. Finally, Royal Bank of Canada lifted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus price target of $208.44.

Cheniere Energy Price Performance

Shares of LNG stock opened at $218.10 on Tuesday. The company has a market capitalization of $48.94 billion, a P/E ratio of 13.93 and a beta of 0.94. The company’s 50-day simple moving average is $192.63 and its two-hundred day simple moving average is $179.32. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $225.44. 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 (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 earnings per share. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. Cheniere Energy’s dividend payout ratio is currently 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.