Kayne Anderson Capital Advisors LP Has $238.59 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Kayne Anderson Capital Advisors LP increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,326,658 shares of the energy company's stock after purchasing an additional 68,766 shares during the period. Cheniere Energy makes up approximately 6.1% of Kayne Anderson Capital Advisors LP's portfolio, making the stock its 7th largest position. Kayne Anderson Capital Advisors LP owned about 0.59% of Cheniere Energy worth $238,586,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes 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 in the last quarter. Darlington Partners Capital Management LP increased its stake in 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 increased its position in shares of Cheniere Energy by 61.4% in the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company's stock worth $197,201,000 after purchasing an additional 465,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Cheniere Energy by 8.5% in 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 purchasing an additional 413,744 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Cheniere Energy by 854.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company's stock worth $80,201,000 after purchasing an additional 410,668 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of analyst reports. TD Cowen boosted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Barclays upped their price target 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. Bank of America started 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. UBS Group increased their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $208.44.

Cheniere Energy Stock Up 1.2 %

Shares of LNG traded up $2.56 during mid-day trading on Monday, hitting $214.86. 1,483,025 shares of the company's stock were exchanged, compared to its average volume of 1,781,801. The firm has a fifty day moving average of $187.64 and a two-hundred day moving average of $176.68. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $217.95. The stock has a market cap of $48.21 billion, a price-to-earnings ratio of 13.56 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) 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 analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy's revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business posted $2.37 EPS. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy's payout ratio is 12.77%.

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.