Natixis Advisors LLC Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Natixis Advisors LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 134.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,907 shares of the energy company’s stock after purchasing an additional 38,976 shares during the quarter. Natixis Advisors LLC’s holdings in Cheniere Energy were worth $12,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 worth $10,936,000 after purchasing an additional 42,737 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter valued at $818,000. M&G PLC raised its position in shares of Cheniere Energy by 21.0% during the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company’s stock valued at $48,390,000 after buying an additional 46,602 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Cheniere Energy by 897.7% during the 1st quarter. Cetera Investment Advisers now owns 74,599 shares of the energy company’s stock worth $12,031,000 after acquiring an additional 67,122 shares during the last quarter. Finally, Entropy Technologies LP grew its position in Cheniere Energy by 29.1% in the third quarter. Entropy Technologies LP now owns 18,668 shares of the energy company’s stock worth $3,357,000 after acquiring an additional 4,212 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $220.78 on Thursday. 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 company has a 50-day moving average price of $190.10 and a 200-day moving average price of $177.81. The company has a market cap of $49.54 billion, a price-to-earnings ratio of 14.10 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $220.79.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data 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 business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business posted $2.37 EPS. The business’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research analyst reports. Stifel Nicolaus dropped their price target 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. Barclays boosted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen lifted their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada lifted their target price 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average 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.