Larson Financial Group LLC Purchases 2,296 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Larson Financial Group LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 230.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,291 shares of the energy company’s stock after buying an additional 2,296 shares during the period. Larson Financial Group LLC’s holdings in Cheniere Energy were worth $592,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in Cheniere Energy during the second quarter valued at $27,000. Carolinas Wealth Consulting LLC raised its stake in Cheniere Energy by 5,000.0% during 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 in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Cheniere Energy during the third quarter valued at $27,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 2.0 %

NYSE:LNG opened at $218.10 on Tuesday. The company has a market cap of $48.94 billion, a price-to-earnings ratio of 13.93 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $225.44. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a fifty day simple moving average of $192.63 and a 200-day simple moving average of $179.32.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion during 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 firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the business posted $2.37 EPS. Analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.92%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNG. Bank of America initiated 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. Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, TD Cowen boosted their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.44.

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.