MAI Capital Management Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

MAI Capital Management raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,204 shares of the energy company’s stock after buying an additional 62 shares during the quarter. MAI Capital Management’s holdings in Cheniere Energy were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LNG. Crewe Advisors LLC purchased a new position in shares of Cheniere Energy during the first quarter worth about $26,000. MCF Advisors LLC purchased a new position in Cheniere Energy in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy in the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at $27,000. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus reduced their target price 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. Barclays increased their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen upped their target price on 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 lifted 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. Finally, UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $208.44.

Cheniere Energy Trading Up 1.9 %

Shares of LNG opened at $224.79 on Friday. The firm has a fifty day simple moving average of $191.05 and a two-hundred day simple moving average of $178.13. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $225.27. The stock has a market capitalization of $50.44 billion, a P/E ratio of 14.35 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the business posted $2.37 earnings per share. Cheniere Energy’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

About Cheniere Energy

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.