Cheniere Energy, Inc. (NYSE:LNG) is SL Advisors LLC’s 7th Largest Position

SL Advisors LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,209 shares of the energy company’s stock after buying an additional 600 shares during the period. Cheniere Energy accounts for 5.9% of SL Advisors LLC’s portfolio, making the stock its 7th biggest position. SL Advisors LLC’s holdings in Cheniere Energy were worth $3,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Quarry LP boosted its position in Cheniere Energy by 156.3% during the 4th quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after acquiring an additional 186 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Cheniere Energy by 49.3% in the fourth quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock valued at $563,000 after purchasing an additional 1,089 shares during the last quarter. Scarborough Advisors LLC bought a new position in Cheniere Energy in the fourth quarter worth about $163,000. Chicago Partners Investment Group LLC lifted its position in shares of Cheniere Energy by 9.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 24,714 shares of the energy company’s stock valued at $4,086,000 after buying an additional 2,119 shares during the last quarter. Finally, Syon Capital LLC boosted its holdings in shares of Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after buying an additional 73 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

NYSE LNG opened at $187.87 on Wednesday. The stock’s fifty day moving average price is $181.70 and its 200 day moving average price is $169.80. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $191.05. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 9.15 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy announced that its board has authorized a share buyback program on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a yield of 1.65%. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.

Analyst Ratings Changes

LNG has been the subject of several recent analyst reports. Stifel Nicolaus reduced 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. Barclays increased their price objective on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating on the stock. Finally, TD Cowen increased their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.