QRG Capital Management Inc. Buys 4,549 Shares of Cheniere Energy, Inc. (NYSE:LNG)

QRG Capital Management Inc. boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.1% in the third quarter, Holdings Channel reports. The institutional investor owned 60,676 shares of the energy company’s stock after purchasing an additional 4,549 shares during the period. QRG Capital Management Inc.’s holdings in Cheniere Energy were worth $10,912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Pension Service increased its holdings in shares of Cheniere Energy by 4.7% in the 3rd quarter. National Pension Service now owns 493,280 shares of the energy company’s stock worth $88,534,000 after purchasing an additional 22,314 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Cheniere Energy by 6.9% in the 3rd quarter. Van ECK Associates Corp now owns 112,652 shares of the energy company’s stock worth $20,599,000 after purchasing an additional 7,258 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Cheniere Energy by 53.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after purchasing an additional 128 shares in the last quarter. US Bancorp DE increased its holdings in shares of Cheniere Energy by 3.4% in the 3rd quarter. US Bancorp DE now owns 14,536 shares of the energy company’s stock worth $2,614,000 after purchasing an additional 479 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its holdings in shares of Cheniere Energy by 6.3% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 2,384 shares of the energy company’s stock worth $429,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $188.77 on Tuesday. The company has a market capitalization of $42.71 billion, a PE ratio of 12.05 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The business’s fifty day moving average is $183.38 and its 200 day moving average is $173.68. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $193.16.

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 analysts’ consensus estimates of $1.87 by $2.06. The business 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 42.29% and a net margin of 22.70%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $2.37 earnings per share. Sell-side analysts predict that Cheniere Energy, Inc. will post 10.11 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. Cheniere Energy’s dividend payout ratio (DPR) is 11.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LNG. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada raised 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. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.