Two Sigma Advisers LP increased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 328.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 894,600 shares of the energy company's stock after acquiring an additional 685,662 shares during the period. Two Sigma Advisers LP owned approximately 0.40% of Cheniere Energy worth $160,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy in the second quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at $28,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Cheniere Energy during the second quarter worth $30,000. Hedge funds and other institutional investors own 87.26% of the company's stock.
Cheniere Energy Price Performance
Shares of Cheniere Energy stock traded down $3.91 during trading hours on Friday, reaching $222.01. 678,512 shares of the company's stock were exchanged, compared to its average volume of 1,762,711. The business has a fifty day moving average of $199.45 and a two-hundred day moving average of $182.68. The company has a market capitalization of $49.81 billion, a P/E ratio of 14.44 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 1.07 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 released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy's quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.37 EPS. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal 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 given 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 was Friday, November 8th. Cheniere Energy's payout ratio is presently 12.77%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on LNG. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Barclays raised their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, TD Cowen lifted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average target price of $216.56.
View Our Latest Analysis on LNG
Cheniere Energy Profile
(
Free Report)
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.
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