Chesapeake Capital Corp IL Acquires 1,849 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Chesapeake Capital Corp IL grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 129.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,274 shares of the energy company’s stock after buying an additional 1,849 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Cheniere Energy were worth $589,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Natixis Advisors LLC raised its holdings in shares of Cheniere Energy by 134.7% in the 3rd quarter. Natixis Advisors LLC now owns 67,907 shares of the energy company’s stock valued at $12,212,000 after purchasing an additional 38,976 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Cheniere Energy by 31.7% in the 3rd quarter. Empowered Funds LLC now owns 25,727 shares of the energy company’s stock valued at $4,627,000 after purchasing an additional 6,191 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Cheniere Energy by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 15,497 shares of the energy company’s stock worth $2,787,000 after buying an additional 465 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Cheniere Energy by 14.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,529 shares of the energy company’s stock worth $815,000 after buying an additional 588 shares during the last quarter. Finally, ING Groep NV grew its position in shares of Cheniere Energy by 31.7% in the 3rd quarter. ING Groep NV now owns 99,200 shares of the energy company’s stock worth $17,840,000 after buying an additional 23,900 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.7 %

NYSE:LNG opened at $212.30 on Friday. The company has a market cap of $47.63 billion, a PE ratio of 13.56 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $217.95. 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 company’s 50 day moving average is $187.64 and its two-hundred day moving average is $176.54.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share 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 company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm earned $2.37 EPS. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

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

Analysts Set New Price Targets

LNG has been the topic of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group lifted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen lifted their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barclays lifted 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. Finally, Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.44.

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.