BIP Wealth LLC Buys Shares of 3,495 Cheniere Energy, Inc. (NYSE:LNG)

BIP Wealth LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,495 shares of the energy company's stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Cheniere Energy by 1,490.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company's stock worth $342,221,000 after purchasing an additional 1,834,347 shares during the last quarter. Darlington Partners Capital Management LP boosted its holdings in shares of Cheniere Energy by 74.6% during the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock worth $264,720,000 after buying an additional 647,096 shares during the period. Zimmer Partners LP boosted its holdings in shares of Cheniere Energy by 61.4% during the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company's stock worth $197,201,000 after buying an additional 465,000 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Cheniere Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock worth $921,503,000 after buying an additional 413,744 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Cheniere Energy by 854.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company's stock worth $80,201,000 after buying an additional 410,668 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 0.3 %

Shares of NYSE:LNG traded up $0.74 during trading on Wednesday, reaching $220.78. The stock had a trading volume of 1,525,613 shares, compared to its average volume of 1,782,514. The firm's fifty day moving average is $189.22 and its 200 day moving average is $177.50. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $220.79. The stock has a market cap of $49.54 billion, a price-to-earnings ratio of 14.06 and a beta of 0.94.

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 (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm earned $2.37 earnings per share. Cheniere Energy's revenue was down 9.5% on a year-over-year basis. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is 12.77%.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Barclays lifted 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 boosted their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $208.44.

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.