Caprock Group LLC Acquires 2,417 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Caprock Group LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 76.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,581 shares of the energy company's stock after purchasing an additional 2,417 shares during the quarter. Caprock Group LLC's holdings in Cheniere Energy were worth $1,004,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

LNG has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a report on Friday, August 9th. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Barclays raised their price objective 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. Finally, UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $208.44.

Cheniere Energy Stock Down 1.0 %

Shares of Cheniere Energy stock traded down $2.33 on Friday, reaching $222.66. 1,503,128 shares of the company were exchanged, compared to its average volume of 1,782,161. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $225.44. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average of $191.05 and a 200 day moving average of $178.13. The company has a market capitalization of $49.96 billion, a price-to-earnings ratio of 14.35 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 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 during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.37 EPS. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio is presently 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.