Fiduciary Trust Co Purchases 1,751 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Fiduciary Trust Co increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,246 shares of the energy company’s stock after acquiring an additional 1,751 shares during the period. Fiduciary Trust Co’s holdings in Cheniere Energy were worth $2,022,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in shares of Cheniere Energy in the first quarter valued at $34,000. B. Riley Wealth Advisors Inc. acquired a new stake in Cheniere Energy in the 1st quarter valued at about $304,000. Cetera Investment Advisers increased its position in Cheniere Energy by 897.7% in the 1st quarter. Cetera Investment Advisers now owns 74,599 shares of the energy company’s stock valued at $12,031,000 after acquiring an additional 67,122 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Cheniere Energy by 5.7% during the first quarter. Cetera Advisors LLC now owns 14,808 shares of the energy company’s stock worth $2,388,000 after purchasing an additional 792 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its stake in shares of Cheniere Energy by 12.1% during the second quarter. Transcend Capital Advisors LLC now owns 1,941 shares of the energy company’s stock valued at $339,000 after purchasing an additional 210 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LNG. Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. TD Cowen lifted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $212.89.

Cheniere Energy Stock Up 1.1 %

NYSE:LNG opened at $224.10 on Friday. The stock has a 50-day simple moving average of $195.95 and a 200 day simple moving average of $180.84. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $225.44. The company has a market cap of $50.28 billion, a PE ratio of 14.31 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data 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 net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 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.