Banque Cantonale Vaudoise Acquires 1,531 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Banque Cantonale Vaudoise raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,473 shares of the energy company’s stock after acquiring an additional 1,531 shares during the period. Banque Cantonale Vaudoise’s holdings in Cheniere Energy were worth $4,401,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC bought a new stake in shares of Cheniere Energy during the 1st quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in Cheniere Energy in the second quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy during the second quarter worth $27,000. Carolinas Wealth Consulting LLC grew its stake in shares of Cheniere Energy by 5,000.0% during the second 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 acquired a new position in shares of Cheniere Energy during the third quarter worth $27,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG opened at $220.18 on Wednesday. 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 firm’s fifty day simple moving average is $189.22 and its two-hundred day simple moving average is $177.50. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $220.30. The stock has a market capitalization of $49.40 billion, a P/E ratio of 14.06 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.37 earnings per share. As a group, analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given 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 dividend yield of 0.91%. Cheniere Energy’s payout ratio is presently 12.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LNG. Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group lifted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Finally, TD Cowen raised their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.44.

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.