Quest Partners LLC Acquires 1,724 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Quest Partners LLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 22.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,486 shares of the energy company’s stock after purchasing an additional 1,724 shares during the period. Quest Partners LLC’s holdings in Cheniere Energy were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LNG shares. Stifel Nicolaus cut their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. TD Cowen raised their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.44.

Cheniere Energy Stock Up 1.2 %

Shares of NYSE:LNG opened at $214.86 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market cap of $48.21 billion, a price-to-earnings ratio of 13.72 and a beta of 0.94. The company has a 50 day moving average of $188.37 and a 200-day moving average of $177.06. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $217.95.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 EPS. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

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.