Continuum Advisory LLC Boosts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Continuum Advisory LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 42.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,919 shares of the energy company's stock after acquiring an additional 3,828 shares during the period. Continuum Advisory LLC's holdings in Cheniere Energy were worth $2,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. MCF Advisors LLC bought a new position in shares of Cheniere Energy during the second quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy during the 3rd quarter valued at about $27,000. Carolinas Wealth Consulting LLC grew its position in Cheniere Energy by 5,000.0% during the 2nd 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 during the last quarter. Capital Performance Advisors LLP bought a new stake in Cheniere Energy during the 3rd quarter valued at about $28,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy in the second quarter worth about $30,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

LNG has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. TD Cowen boosted their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. UBS Group upped 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. Finally, Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $216.56.

Cheniere Energy Stock Performance

LNG stock traded down $7.64 during trading on Monday, reaching $214.29. The stock had a trading volume of 1,967,060 shares, compared to its average volume of 1,766,275. The firm has a market cap of $48.08 billion, a PE ratio of 14.17 and a beta of 0.97. 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 stock's 50 day moving average is $200.29 and its two-hundred day moving average is $183.44. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $228.10.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm 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 quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 EPS. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share 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 given 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 was Friday, November 8th. Cheniere Energy's payout ratio is 12.77%.

Cheniere Energy 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.