Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Lifted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,141 shares of the energy company's stock after buying an additional 2,284 shares during the period. Royal London Asset Management Ltd.'s holdings in Cheniere Energy were worth $18,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LNG. Wealth Enhancement Advisory Services LLC lifted its stake in Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company's stock valued at $10,936,000 after buying an additional 42,737 shares during the last quarter. M&G PLC increased its holdings in shares of Cheniere Energy by 21.0% in the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company's stock worth $48,390,000 after acquiring an additional 46,602 shares during the period. Jennison Associates LLC lifted its position in Cheniere Energy by 2.9% in the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock valued at $238,173,000 after purchasing an additional 37,729 shares during the last quarter. Victory Capital Management Inc. lifted its position in Cheniere Energy by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock valued at $20,436,000 after purchasing an additional 2,768 shares during the last quarter. Finally, Nwam LLC acquired a new position in Cheniere Energy during the 3rd quarter valued at about $2,747,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LNG shares. Bank of America started coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 price target on the stock. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus upped their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of "Moderate Buy" and an average price target of $216.56.

Cheniere Energy Price Performance

Cheniere Energy stock traded down $3.99 during midday trading on Friday, hitting $221.93. The company's stock had a trading volume of 1,286,273 shares, compared to its average volume of 1,638,297. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock's 50-day moving average price is $199.45 and its 200-day moving average price is $182.68. The company 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 released its earnings results on Thursday, October 31st. The energy company reported $3.93 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%. The business's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 earnings per share. Analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio is presently 12.77%.

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.