Coldstream Capital Management Inc. Purchases 720 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Coldstream Capital Management Inc. boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 42.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,423 shares of the energy company’s stock after purchasing an additional 720 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Cheniere Energy were worth $452,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Cheniere Energy by 3.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after buying an additional 167,575 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after buying an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after buying an additional 273,588 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Cheniere Energy by 7.4% in the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after acquiring an additional 202,097 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. 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. TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays raised their price objective 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. Finally, UBS Group increased their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.56.

Cheniere Energy Stock Down 0.7 %

Shares of LNG opened at $213.06 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The firm’s 50 day moving average is $203.27 and its 200-day moving average is $185.26. The stock has a market capitalization of $47.80 billion, a PE ratio of 13.61 and a beta of 0.97.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company earned $2.37 EPS. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.94%. Cheniere Energy’s dividend payout ratio is 12.77%.

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.