Raab & Moskowitz Asset Management LLC Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Raab & Moskowitz Asset Management LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 455.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,388 shares of the energy company's stock after purchasing an additional 5,238 shares during the period. Raab & Moskowitz Asset Management LLC's holdings in Cheniere Energy were worth $1,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock worth $978,047,000 after buying an additional 167,575 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after purchasing an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock worth $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company's stock worth $566,956,000 after purchasing an additional 273,588 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Cheniere Energy by 7.4% in the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company's stock worth $510,825,000 after purchasing an additional 202,097 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

Cheniere Energy stock traded down $7.64 during mid-day trading on Monday, hitting $214.29. 1,967,059 shares of the company traded hands, compared to its average volume of 1,766,602. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $228.10. The stock has a market cap of $48.08 billion, a price-to-earnings ratio of 13.68 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a fifty day moving average price of $200.98 and a 200-day moving average price of $183.85.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results 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. The business had revenue of $3.76 billion during 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 for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.37 earnings per share. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, November 8th. Cheniere Energy's payout ratio is 12.77%.

Analyst Ratings Changes

Several research firms have recently weighed in on LNG. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. UBS Group lifted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. TD Cowen lifted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Barclays lifted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note 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 company's stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average target price of $216.56.

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.