Bank of Montreal Can Purchases 189,396 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Bank of Montreal Can boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 77.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 433,686 shares of the energy company's stock after buying an additional 189,396 shares during the quarter. Bank of Montreal Can owned approximately 0.19% of Cheniere Energy worth $77,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company's stock valued at $10,936,000 after acquiring an additional 42,737 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in Cheniere Energy during the first quarter valued at about $818,000. M&G PLC increased its position in Cheniere Energy by 21.0% in the third quarter. M&G PLC now owns 268,834 shares of the energy company's stock worth $48,390,000 after buying an additional 46,602 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock worth $238,173,000 after buying an additional 37,729 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Cheniere Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock valued at $20,436,000 after buying an additional 2,768 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LNG. Barclays increased 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. TD Cowen increased their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday. Stifel Nicolaus decreased their price objective 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. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price for the company. Finally, UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $212.89.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $221.90 on Wednesday. The stock has a market cap of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a 50 day moving average price of $193.45 and a 200-day moving average price of $179.78. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $225.44.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.37 earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) 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.

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