Advisors Asset Management Inc. Has $1.79 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Advisors Asset Management Inc. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 14.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,978 shares of the energy company’s stock after purchasing an additional 1,240 shares during the period. Advisors Asset Management Inc.’s holdings in Cheniere Energy were worth $1,794,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LNG. MCF Advisors LLC acquired a new position in Cheniere Energy in the 2nd quarter worth about $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy during the 2nd quarter worth about $27,000. Carolinas Wealth Consulting LLC boosted its stake in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter worth about $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy during the 3rd quarter worth about $28,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNG has been the subject of several recent analyst reports. TD Cowen upped their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. UBS Group increased their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $208.44.

Cheniere Energy Trading Down 1.1 %

Shares of LNG opened at $222.60 on Monday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44. 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 stock has a 50 day simple moving average of $191.92 and a 200-day simple moving average of $178.90. The stock has a market cap of $49.94 billion, a PE ratio of 14.21 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm posted $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. Cheniere Energy’s dividend payout ratio is 12.77%.

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 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.