Vickerman Investment Advisors Inc. Purchases 97 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Vickerman Investment Advisors Inc. increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,294 shares of the energy company’s stock after buying an additional 97 shares during the quarter. Vickerman Investment Advisors Inc.’s holdings in Cheniere Energy were worth $3,290,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LNG. Sei Investments Co. boosted its holdings in shares of Cheniere Energy by 6.7% during the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after purchasing an additional 11,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after purchasing an additional 42,737 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Cheniere Energy during the 1st quarter valued at about $818,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Cheniere Energy by 10.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 270,185 shares of the energy company’s stock valued at $42,581,000 after purchasing an additional 24,498 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Cheniere Energy by 222.3% during the 1st quarter. Edgestream Partners L.P. now owns 19,081 shares of the energy company’s stock valued at $3,077,000 after purchasing an additional 13,160 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $197.66 on Thursday. The firm has a market cap of $44.35 billion, a price-to-earnings ratio of 12.62 and a beta of 0.94. The company’s 50 day moving average is $183.85 and its 200 day moving average is $174.06. 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, Inc. has a 52-week low of $152.31 and a 52-week high of $200.32.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 42.29%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 10.11 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

LNG has been the subject of several research reports. TD Cowen increased their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday. Barclays upped their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus decreased their price objective 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $201.89.

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.