Moors & Cabot Inc. increased its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 19.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,489 shares of the energy company’s stock after purchasing an additional 404 shares during the period. Moors & Cabot Inc.’s holdings in Cheniere Energy were worth $379,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy in the 1st quarter valued at $27,000. McIlrath & Eck LLC increased its holdings in Cheniere Energy by 1,484.6% in the 2nd quarter. McIlrath & Eck LLC now owns 206 shares of the energy company’s stock valued at $31,000 after acquiring an additional 193 shares during the last quarter. KB Financial Partners LLC bought a new stake in Cheniere Energy in the 1st quarter valued at $52,000. Coston McIsaac & Partners bought a new stake in Cheniere Energy in the 2nd quarter valued at $53,000. Finally, Covestor Ltd increased its holdings in Cheniere Energy by 134.3% in the 1st quarter. Covestor Ltd now owns 396 shares of the energy company’s stock valued at $55,000 after acquiring an additional 227 shares during the last quarter. 85.86% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
LNG has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Cheniere Energy in a report on Thursday, October 5th. They issued a “buy” rating and a $205.00 price target on the stock. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $189.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, September 29th. StockNews.com cut shares of Cheniere Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America lifted their price objective on shares of Cheniere Energy from $172.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Cheniere Energy from $230.00 to $222.00 in a research note on Tuesday, August 8th. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and a consensus target price of $196.00.
Cheniere Energy Trading Down 0.2 %
LNG stock opened at $173.50 on Friday. Cheniere Energy, Inc. has a 12 month low of $135.00 and a 12 month high of $179.04. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.43 and a current ratio of 1.54. The business’s 50-day moving average price is $155.82. The stock has a market cap of $41.34 billion, a PE ratio of 3.43, a PEG ratio of 0.34 and a beta of 0.96.
Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported $2.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.55 by ($0.18). Cheniere Energy had a net margin of 50.46% and a return on equity of 154.07%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.90 billion. Sell-side analysts forecast that Cheniere Energy, Inc. will post 18.79 EPS for the current year.
Cheniere Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Thursday, November 9th were issued a dividend of $0.435 per share. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, November 8th. This represents a $1.74 dividend on an annualized basis and a yield of 1.00%. Cheniere Energy’s dividend payout ratio (DPR) is presently 3.44%.
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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