Whittier Trust Co. Buys 57,265 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Whittier Trust Co. raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7,078.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 58,074 shares of the energy company’s stock after acquiring an additional 57,265 shares during the period. Whittier Trust Co.’s holdings in Cheniere Energy were worth $10,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LNG. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter valued at $26,000. MCF Advisors LLC purchased a new position in Cheniere Energy in the second quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy in the second quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC grew 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 valued at $27,000 after purchasing an additional 150 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy in the third quarter worth $27,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of LNG stock traded down $0.69 on Monday, reaching $181.50. The company’s stock had a trading volume of 666,326 shares, compared to its average volume of 1,754,877. The company has a market capitalization of $41.55 billion, a P/E ratio of 8.87 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The stock’s 50 day simple moving average is $183.11 and its 200-day simple moving average is $171.51. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $193.16.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. As a group, equities analysts predict that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were given a $0.775 dividend. The ex-dividend date was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a yield of 1.71%. Cheniere Energy’s payout ratio is 8.48%.

Analyst Ratings Changes

LNG has been the topic of a number of recent research reports. Barclays upped their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus reduced 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. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday. They issued a “buy” rating and a $215.00 price objective for the company. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

About Cheniere Energy

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.