Infrastructure Capital Advisors LLC Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Infrastructure Capital Advisors LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 19.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,501 shares of the energy company’s stock after buying an additional 8,333 shares during the quarter. Cheniere Energy makes up approximately 1.2% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Infrastructure Capital Advisors LLC’s holdings in Cheniere Energy were worth $9,082,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vinva Investment Management Ltd boosted its stake in Cheniere Energy by 84.4% in the third quarter. Vinva Investment Management Ltd now owns 5,296 shares of the energy company’s stock valued at $951,000 after acquiring an additional 2,424 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cheniere Energy by 11.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after acquiring an additional 178,318 shares in the last quarter. Fiduciary Trust Co boosted its stake in Cheniere Energy by 18.4% in the third quarter. Fiduciary Trust Co now owns 11,246 shares of the energy company’s stock valued at $2,022,000 after acquiring an additional 1,751 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in Cheniere Energy in the third quarter valued at approximately $405,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Cheniere Energy by 87.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,200 shares of the energy company’s stock valued at $3,093,000 after acquiring an additional 8,000 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.1 %

Shares of Cheniere Energy stock opened at $221.77 on Friday. 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 firm has a fifty day moving average price of $195.08 and a 200 day moving average price of $180.36. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44. The stock has a market cap of $49.76 billion, a PE ratio of 14.16 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 the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company posted $2.37 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 0.90%. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LNG shares. Stifel Nicolaus lowered 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. TD Cowen lifted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group lifted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada lifted their price objective 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, Bank of America initiated coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.89.

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.