Kovitz Investment Group Partners LLC Takes $333,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Kovitz Investment Group Partners LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,881 shares of the energy company’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the 2nd quarter worth $26,000. Carolinas Wealth Consulting LLC raised its holdings in 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 purchasing an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cheniere Energy in the third quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy in the 3rd quarter valued at approximately $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy during the 2nd quarter worth approximately $30,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays boosted their target price on 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 boosted their target price on 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 Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Finally, TD Cowen boosted their target price on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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 company has an average rating of “Moderate Buy” and a consensus price target of $216.56.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $212.98 on Friday. The business’s fifty day moving average price is $203.27 and its two-hundred day moving average price is $185.06. The stock has a market cap of $47.79 billion, a PE ratio of 13.60 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, Inc. has a one year low of $152.31 and a one year high of $228.10.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for 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%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.37 EPS. On average, analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) 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.