US Bancorp DE Boosts Position in Cheniere Energy, Inc. (NYSE:LNG)

US Bancorp DE raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.4% in the third quarter, Holdings Channel reports. The institutional investor owned 14,536 shares of the energy company’s stock after buying an additional 479 shares during the quarter. US Bancorp DE’s holdings in Cheniere Energy were worth $2,614,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LNG. Crewe Advisors LLC purchased a new position in shares of Cheniere Energy during the first quarter worth about $26,000. MCF Advisors LLC bought a new position in shares of Cheniere Energy in the second quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy in the second quarter worth approximately $27,000. Carolinas Wealth Consulting LLC increased its position in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy in the third quarter worth approximately $27,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on LNG shares. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. TD Cowen increased their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays increased their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus reduced their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.89.

Cheniere Energy Stock Performance

NYSE:LNG opened at $192.55 on Wednesday. The firm has a market cap of $43.57 billion, a PE ratio of 12.30 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $193.61. 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 business has a 50 day moving average price of $183.55 and a 200-day moving average price of $173.90.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 42.29% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 10.11 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s payout ratio is 11.11%.

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.