Great Valley Advisor Group Inc. Acquires 1,607 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Great Valley Advisor Group Inc. grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,929 shares of the energy company’s stock after purchasing an additional 1,607 shares during the period. Great Valley Advisor Group Inc.’s holdings in Cheniere Energy were worth $4,483,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective 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. Barclays raised their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. TD Cowen boosted their price objective on shares of 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 raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $208.44.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $222.60 on Friday. The company has a market cap of $49.94 billion, a P/E ratio of 14.21 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. The business has a 50-day moving average price of $191.92 and a two-hundred day moving average price of $178.75. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the firm posted $2.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. 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.