Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 370,488 shares of the energy company’s stock after purchasing an additional 6,990 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.17% of Cheniere Energy worth $66,629,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $27,000. Lynx Investment Advisory purchased a new stake in Cheniere Energy during the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC lifted its holdings in 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 buying an additional 150 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Cheniere Energy during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LNG. Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. TD Cowen raised their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays increased their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $212.89.

Cheniere Energy Trading Up 1.0 %

Shares of Cheniere Energy stock opened at $224.01 on Monday. The company’s fifty day moving average is $195.95 and its two-hundred day moving average is $181.18. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market capitalization of $50.26 billion, a P/E ratio of 14.30 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company 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 for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $2.37 EPS. Analysts forecast 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 paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.89%. Cheniere Energy’s dividend payout ratio is currently 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.