Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.0% during the third quarter, Holdings Channel.com reports. The fund owned 4,284 shares of the energy company’s stock after purchasing an additional 318 shares during the period. Bleakley Financial Group LLC’s holdings in Cheniere Energy were worth $770,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LNG. Fisher Asset Management LLC increased its stake in shares of Cheniere Energy by 9.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,539 shares of the energy company’s stock valued at $263,000 after acquiring an additional 138 shares during the period. Park Avenue Securities LLC boosted its holdings in Cheniere Energy by 32.6% during the first quarter. Park Avenue Securities LLC now owns 3,639 shares of the energy company’s stock worth $587,000 after buying an additional 895 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Cheniere Energy by 10.4% during the first quarter. AdvisorNet Financial Inc now owns 1,165 shares of the energy company’s stock worth $188,000 after buying an additional 110 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Cheniere Energy during the first quarter worth approximately $3,855,000. Finally, Annex Advisory Services LLC bought a new stake in Cheniere Energy during the first quarter worth approximately $258,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Royal Bank of Canada raised their target price on shares of 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 assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Barclays raised their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Cheniere Energy Trading Down 0.6 %

Cheniere Energy stock opened at $181.01 on Tuesday. The company has a 50 day moving average price of $183.07 and a 200 day moving average price of $171.69. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $193.16. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The firm has a market capitalization of $41.44 billion, a price-to-earnings ratio of 8.82 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. Research analysts forecast that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.775 per share. The ex-dividend date was Wednesday, August 7th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

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.