Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Continuum Advisory LLC

Continuum Advisory LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,919 shares of the energy company’s stock after purchasing an additional 3,828 shares during the period. Continuum Advisory LLC’s holdings in Cheniere Energy were worth $2,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after buying an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Cheniere Energy by 1,490.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after buying an additional 1,834,347 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Cheniere Energy by 328.2% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after buying an additional 685,662 shares during the period. Darlington Partners Capital Management LP lifted its stake in Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after purchasing an additional 647,096 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Cheniere Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after acquiring an additional 413,744 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LNG shares. Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Barclays raised their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada raised their target price 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $216.56.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $221.93 on Monday. The stock has a fifty day moving average of $200.29 and a two-hundred day moving average of $183.44. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $228.10. The company has a market capitalization of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.97. 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 (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the business earned $2.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. 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.