Neo Ivy Capital Management Purchases New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Neo Ivy Capital Management bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,416 shares of the energy company's stock, valued at approximately $2,412,000. Cheniere Energy makes up approximately 0.8% of Neo Ivy Capital Management's investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock worth $978,047,000 after purchasing an additional 167,575 shares during the last quarter. Wellington Management Group LLP boosted its position in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock valued at $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company's stock worth $566,956,000 after acquiring an additional 273,588 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company's stock valued at $510,825,000 after acquiring an additional 202,097 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LNG. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Stifel Nicolaus upped their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Barclays boosted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. TD Cowen increased their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $216.56.

Cheniere Energy Stock Up 1.0 %

Shares of Cheniere Energy stock traded up $2.10 during trading hours on Wednesday, hitting $214.93. The company had a trading volume of 791,806 shares, compared to its average volume of 1,760,992. The company's 50-day moving average is $200.98 and its two-hundred day moving average is $183.85. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market cap of $48.22 billion, a P/E ratio of 13.60 and a beta of 0.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the company posted $2.37 earnings per share. The business's quarterly revenue was down 9.5% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed 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 0.93%. The ex-dividend date was Friday, November 8th. Cheniere Energy's payout ratio is currently 12.77%.

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.