Applied Finance Capital Management LLC Acquires 10,563 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Applied Finance Capital Management LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 193.8% in the 3rd quarter, Holdings Channel reports. The fund owned 16,013 shares of the energy company’s stock after buying an additional 10,563 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Cheniere Energy were worth $2,880,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Crewe Advisors LLC bought a new position in shares of Cheniere Energy during the 1st quarter worth $26,000. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $27,000. Carolinas Wealth Consulting LLC raised its holdings in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 2.1 %

Shares of LNG stock opened at $205.67 on Friday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $206.18. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $184.62 and its two-hundred day simple moving average is $174.57. The company has a market cap of $46.15 billion, a PE ratio of 13.13 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Research analysts predict that Cheniere Energy, Inc. will post 10.56 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.97%. Cheniere Energy’s dividend payout ratio (DPR) is presently 11.11%.

Analyst Ratings Changes

A number of equities analysts have commented on LNG shares. 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 research note on Wednesday, October 16th. Stifel Nicolaus cut their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen lifted their price objective on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.