Dynamic Technology Lab Private Ltd Buys New Position in Cheniere Energy, Inc. (NYSE:LNG)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,087 shares of the energy company’s stock, valued at approximately $1,994,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after buying an additional 42,737 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in shares of Cheniere Energy during the 1st quarter valued at about $818,000. M&G PLC grew its stake in Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after purchasing an additional 46,602 shares during the period. Jennison Associates LLC increased its holdings in Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after purchasing an additional 37,729 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Cheniere Energy by 2.5% in the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock valued at $20,436,000 after buying an additional 2,768 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Down 2.0 %

Shares of NYSE:LNG opened at $218.10 on Tuesday. The stock has a market cap of $48.94 billion, a price-to-earnings ratio of 13.93 and a beta of 0.94. The business’s 50 day moving average is $192.63 and its 200 day moving average is $179.32. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $225.44. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $2.37 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm 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. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LNG shares. Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. TD Cowen boosted their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $208.44.

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.