Applied Finance Capital Management LLC Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Applied Finance Capital Management LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 193.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,013 shares of the energy company's stock after purchasing an additional 10,563 shares during the period. Applied Finance Capital Management LLC's holdings in Cheniere Energy were worth $2,880,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norden Group LLC bought a new stake in Cheniere Energy in the first quarter valued at $260,000. Mutual of America Capital Management LLC lifted its holdings in Cheniere Energy by 17.7% in the first quarter. Mutual of America Capital Management LLC now owns 5,032 shares of the energy company's stock worth $812,000 after buying an additional 755 shares during the period. Empowered Funds LLC bought a new stake in Cheniere Energy during the 1st quarter valued at approximately $1,435,000. PFG Advisors grew its holdings in shares of Cheniere Energy by 5.0% during the 1st quarter. PFG Advisors now owns 5,268 shares of the energy company's stock worth $850,000 after acquiring an additional 251 shares during the period. Finally, WealthPLAN Partners LLC raised its position in shares of Cheniere Energy by 7.1% in the 1st quarter. WealthPLAN Partners LLC now owns 9,121 shares of the energy company's stock worth $1,471,000 after acquiring an additional 604 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded up $4.17 during midday trading on Friday, reaching $205.67. 2,087,452 shares of the company's stock traded hands, compared to its average volume of 1,720,240. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.93 and a current ratio of 1.07. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $206.18. The company has a market cap of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94. The stock has a 50 day moving average of $184.62 and a 200 day moving average of $174.57.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy's revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.37 EPS. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 10.84 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 11.11%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LNG. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Stifel Nicolaus decreased their price target 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. Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective on the stock. TD Cowen lifted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Barclays upped their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average price target of $201.89.

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.