950 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, HoldingsChannel reports. The firm purchased 950 shares of the energy company’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MCF Advisors LLC bought a new stake in shares of Cheniere Energy during the 2nd quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cheniere Energy during the third quarter worth approximately $27,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy during the second quarter worth approximately $27,000. Carolinas Wealth Consulting LLC grew its position in shares of Cheniere Energy by 5,000.0% in 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 last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $222.60 on Monday. The company has a 50 day moving average of $191.92 and a 200-day moving average of $178.90. The company has a market cap of $49.94 billion, a PE ratio of 14.21 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44.

Cheniere Energy (NYSE:LNG) last released its 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 during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the company earned $2.37 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Analyst Ratings Changes

LNG has been the subject of several research reports. TD Cowen boosted their price target on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Stifel Nicolaus dropped 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. Finally, Barclays increased their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $208.44.

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.