Cerity Partners LLC Raises Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cerity Partners LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,838 shares of the energy company's stock after purchasing an additional 10,071 shares during the quarter. Cerity Partners LLC's holdings in Cheniere Energy were worth $17,775,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Octavia Wealth Advisors LLC lifted its holdings in shares of Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock valued at $269,000 after purchasing an additional 54 shares in the last quarter. MAI Capital Management increased its stake in Cheniere Energy by 1.5% in the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company's stock valued at $756,000 after buying an additional 62 shares during the last quarter. Signature Wealth Management Group lifted its position in shares of Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock worth $832,000 after buying an additional 66 shares in the last quarter. Sapient Capital LLC lifted its position in shares of Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after buying an additional 67 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Cheniere Energy by 57.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

NYSE LNG traded up $2.99 on Tuesday, hitting $221.21. The stock had a trading volume of 794,158 shares, compared to its average volume of 1,781,040. The firm has a 50-day moving average of $192.63 and a 200-day moving average of $179.32. 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 $225.44. The company has a market capitalization of $49.63 billion, a price-to-earnings ratio of 13.93 and a beta of 0.94.

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 (EPS) for the quarter, beating 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 analyst estimates of $3.76 billion. During the same quarter last year, the company earned $2.37 earnings per share. The firm's quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy's payout ratio is 12.77%.

Analyst Ratings Changes

A number of brokerages recently commented on LNG. UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. TD Cowen boosted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday. Stifel Nicolaus decreased their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a report on Friday, August 9th. Barclays increased their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $212.89.

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.