Empowered Funds LLC Has $4.63 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Empowered Funds LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,727 shares of the energy company’s stock after buying an additional 6,191 shares during the quarter. Empowered Funds LLC’s holdings in Cheniere Energy were worth $4,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LNG. Octavia Wealth Advisors LLC lifted its stake in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares during the last quarter. Signature Wealth Management Group raised its stake in Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after acquiring an additional 66 shares during the period. Sapient Capital LLC lifted its holdings in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 67 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after purchasing an additional 68 shares during the period. Finally, Accordant Advisory Group Inc boosted its position in Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock worth $3,389,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LNG. UBS Group raised their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen raised 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. Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barclays increased their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.44.

Cheniere Energy Stock Performance

NYSE:LNG opened at $212.30 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $217.95. The company has a market cap of $47.63 billion, a price-to-earnings ratio of 13.56 and a beta of 0.94. The stock has a fifty day moving average price of $187.64 and a 200-day moving average price of $176.68.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data 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. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 earnings per share. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

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