Massachusetts Financial Services Co. MA Grows Stake in Cheniere Energy, Inc. (NYSE:LNG)

Massachusetts Financial Services Co. MA grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 91.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,747,370 shares of the energy company's stock after acquiring an additional 1,789,919 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.67% of Cheniere Energy worth $673,927,000 as of its most recent filing with the SEC.

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

Cheniere Energy Stock Performance

Shares of LNG traded down $2.33 during mid-day trading on Friday, hitting $222.66. The stock had a trading volume of 1,503,128 shares, compared to its average volume of 1,782,161. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44. The firm has a market cap of $49.96 billion, a P/E ratio of 14.22 and a beta of 0.94. The business has a fifty day moving average price of $191.92 and a 200-day moving average price of $178.59.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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 business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the previous year, the business earned $2.37 earnings per share. The firm's revenue was down 9.5% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy's payout ratio is 12.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LNG shares. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective on the stock. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, TD Cowen boosted their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average target price of $208.44.

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.