Toth Financial Advisory Corp Boosts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Toth Financial Advisory Corp increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1,737.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,346 shares of the energy company’s stock after buying an additional 5,055 shares during the quarter. Toth Financial Advisory Corp’s holdings in Cheniere Energy were worth $961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. Wealth Effects LLC grew its stake in shares of Cheniere Energy by 68.9% in the 3rd quarter. Wealth Effects LLC now owns 4,649 shares of the energy company’s stock valued at $836,000 after buying an additional 1,896 shares during the period. Castleview Partners LLC lifted its holdings in Cheniere Energy by 34.4% in the third quarter. Castleview Partners LLC now owns 1,388 shares of the energy company’s stock valued at $250,000 after acquiring an additional 355 shares during the last quarter. Raymond James & Associates grew its position in Cheniere Energy by 9.8% in the third quarter. Raymond James & Associates now owns 310,715 shares of the energy company’s stock worth $55,879,000 after acquiring an additional 27,669 shares during the period. Blue Trust Inc. grew its holdings in shares of Cheniere Energy by 205.4% during the 3rd quarter. Blue Trust Inc. now owns 1,417 shares of the energy company’s stock worth $248,000 after purchasing an additional 953 shares during the period. Finally, Precedent Wealth Partners LLC purchased a new position in Cheniere Energy during the third quarter worth about $581,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.6 %

NYSE LNG opened at $181.01 on Tuesday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $193.16. The firm has a 50 day moving average of $183.07 and a two-hundred day moving average of $171.69. The stock has a market capitalization of $41.44 billion, a PE ratio of 8.82 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. As a group, research analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a $0.775 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a yield of 1.71%. The ex-dividend date was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Analysts Set New Price Targets

LNG has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating on the stock. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada boosted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $200.00.

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.