Cheniere Energy, Inc. (NYSE:LNG) Holdings Increased by Beck Capital Management LLC

Beck Capital Management LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 0.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 21,825 shares of the energy company’s stock after acquiring an additional 155 shares during the period. Cheniere Energy accounts for approximately 1.0% of Beck Capital Management LLC’s holdings, making the stock its 29th largest holding. Beck Capital Management LLC’s holdings in Cheniere Energy were worth $3,925,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LNG. MCF Advisors LLC bought a new position in Cheniere Energy during the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy in the third quarter valued at $27,000. Lynx Investment Advisory bought a new position in Cheniere Energy during the second quarter valued at about $27,000. Carolinas Wealth Consulting LLC grew its holdings in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Cheniere Energy in the third quarter worth about $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the topic of several research reports. 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 target on the stock. TD Cowen upped their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. UBS Group upped their price objective 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 target price 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.89.

Cheniere Energy Stock Performance

Shares of LNG opened at $224.01 on Monday. The company has a market capitalization of $50.26 billion, a PE ratio of 14.30 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. The company’s 50 day moving average price is $195.95 and its 200 day moving average price is $181.18. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating 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 business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company posted $2.37 EPS. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. Research 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. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is currently 12.77%.

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.