National Bank of Canada FI Acquires 234,202 Shares of Cheniere Energy, Inc. (NYSE:LNG)

National Bank of Canada FI lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 472.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,810 shares of the energy company's stock after purchasing an additional 234,202 shares during the quarter. National Bank of Canada FI owned 0.13% of Cheniere Energy worth $50,965,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Octavia Wealth Advisors LLC lifted its stake 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 buying an additional 54 shares in the last quarter. MAI Capital Management lifted its position 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 acquiring an additional 62 shares in the last quarter. Signature Wealth Management Group lifted its position in Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock valued at $832,000 after acquiring an additional 66 shares in the last quarter. Sapient Capital LLC boosted its stake in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock valued at $1,351,000 after purchasing an additional 67 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after purchasing an additional 68 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LNG shares. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Bank of America assumed coverage on shares of 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 increased their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday. TD Cowen raised their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Barclays upped their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $216.56.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded down $3.99 on Friday, reaching $221.93. 1,286,273 shares of the company traded hands, compared to its average volume of 1,638,297. The company has a 50 day moving average of $200.29 and a 200 day moving average of $183.44. 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 $228.10. The firm has a market capitalization of $49.79 billion, a PE ratio of 14.17 and a beta of 0.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 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 business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the business earned $2.37 earnings per share. Cheniere Energy's revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is currently 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.