Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,502 shares of the energy company’s stock after buying an additional 90 shares during the period. Cheniere Energy makes up about 1.9% of Graybill Wealth Management LTD.’s portfolio, making the stock its 26th biggest holding. Graybill Wealth Management LTD.’s holdings in Cheniere Energy were worth $5,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its stake in shares of Cheniere Energy by 9.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,539 shares of the energy company’s stock valued at $263,000 after acquiring an additional 138 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Cheniere Energy by 32.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,639 shares of the energy company’s stock valued at $587,000 after buying an additional 895 shares during the period. AdvisorNet Financial Inc grew its position in shares of Cheniere Energy by 10.4% during the first quarter. AdvisorNet Financial Inc now owns 1,165 shares of the energy company’s stock worth $188,000 after buying an additional 110 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Cheniere Energy during the first quarter worth approximately $3,855,000. Finally, Annex Advisory Services LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $258,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays boosted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus dropped their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.00.

Cheniere Energy Stock Performance

NYSE:LNG traded up $0.65 during mid-day trading on Tuesday, reaching $181.72. 329,164 shares of the stock were exchanged, compared to its average volume of 1,750,394. The stock has a market capitalization of $41.60 billion, a P/E ratio of 8.82 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $193.16. The company has a 50 day simple moving average of $183.07 and a 200-day simple moving average of $171.69. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Analysts anticipate that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio is presently 8.48%.

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.