Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 367,740 shares of the energy company's stock after buying an additional 7,495 shares during the quarter. Cheniere Energy makes up about 6.5% of Recurrent Investment Advisors LLC's investment portfolio, making the stock its 4th largest holding. Recurrent Investment Advisors LLC owned about 0.16% of Cheniere Energy worth $66,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Octavia Wealth Advisors LLC grew its holdings in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock worth $269,000 after buying an additional 54 shares in the last quarter. MAI Capital Management grew 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 worth $756,000 after purchasing an additional 62 shares in the last quarter. Signature Wealth Management Group grew 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 worth $832,000 after purchasing an additional 66 shares in the last quarter. Sapient Capital LLC increased its holdings in shares of Cheniere Energy by 0.9% during the third 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 period. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock valued at $33,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE LNG traded up $2.43 during mid-day trading on Thursday, reaching $226.15. The company had a trading volume of 1,633,091 shares, compared to its average volume of 1,767,460. The company has a 50-day moving average price of $199.45 and a two-hundred day moving average price of $182.68. The stock has a market cap of $50.74 billion, a PE ratio of 14.44 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. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $228.10.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy's revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the business posted $2.37 EPS. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. Cheniere Energy's dividend payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays increased their target price 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. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research note on Wednesday. TD Cowen upped their target price on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.