Metis Global Partners LLC Has $3.50 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Metis Global Partners LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,484 shares of the energy company’s stock after buying an additional 3,101 shares during the period. Metis Global Partners LLC’s holdings in Cheniere Energy were worth $3,504,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LNG. The Manufacturers Life Insurance Company grew its stake in Cheniere Energy by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after purchasing an additional 413,744 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after buying an additional 273,588 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after buying an additional 202,097 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after acquiring an additional 99,678 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Cheniere Energy by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock valued at $346,268,000 after acquiring an additional 240,427 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent analyst reports. Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. 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. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, TD Cowen lifted their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.89.

Cheniere Energy Trading Up 0.3 %

Shares of Cheniere Energy stock opened at $210.61 on Friday. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $217.95. The stock has a market cap of $47.25 billion, a PE ratio of 13.45 and a beta of 0.94. The firm has a 50-day moving average of $186.42 and a 200-day moving average of $175.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (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 net margin of 22.70% and a return on equity of 41.44%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.37 EPS. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is currently 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.