Huntington National Bank Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Huntington National Bank lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,571 shares of the energy company’s stock after purchasing an additional 89 shares during the period. Huntington National Bank’s holdings in Cheniere Energy were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of Cheniere Energy during the first quarter worth approximately $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Cheniere Energy by 9.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,280 shares of the energy company’s stock worth $2,303,000 after buying an additional 1,270 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Cheniere Energy by 4.8% during the first quarter. Kingsview Wealth Management LLC now owns 1,924 shares of the energy company’s stock worth $310,000 after buying an additional 88 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Cheniere Energy by 5.1% in the first quarter. Orion Portfolio Solutions LLC now owns 7,649 shares of the energy company’s stock valued at $1,234,000 after buying an additional 373 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Cheniere Energy by 222.3% in the first quarter. Edgestream Partners L.P. now owns 19,081 shares of the energy company’s stock worth $3,077,000 after buying an additional 13,160 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG opened at $212.30 on Friday. The stock’s 50-day moving average price is $187.64 and its 200 day moving average price is $176.41. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $217.95. The firm has a market cap of $47.63 billion, a price-to-earnings ratio of 13.56 and a beta of 0.94. 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 issued its quarterly earnings results 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. 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 quarter in the prior year, the company earned $2.37 earnings per share. The business’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Analysts Set New Price Targets

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

Cheniere Energy 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.