Covea Finance Increases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Covea Finance boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,400 shares of the energy company's stock after acquiring an additional 19,200 shares during the period. Cheniere Energy comprises about 1.2% of Covea Finance's portfolio, making the stock its 27th largest position. Covea Finance owned approximately 0.05% of Cheniere Energy worth $26,085,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC boosted its stake in shares of Cheniere Energy by 5,000.0% during the second 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. Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Cheniere Energy in the 3rd quarter worth $53,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

LNG has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. UBS Group increased their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Barclays raised their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Finally, Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $226.55.

Cheniere Energy Stock Performance

Cheniere Energy stock traded up $2.79 during mid-day trading on Wednesday, hitting $245.88. The company had a trading volume of 2,477,909 shares, compared to its average volume of 1,835,754. The company has a market capitalization of $55.17 billion, a price-to-earnings ratio of 15.70 and a beta of 0.99. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $248.61. The company's fifty day moving average is $216.82 and its 200-day moving average is $194.00. 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 (NYSE:LNG - Get Free Report) last posted 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 firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business's revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 EPS. Equities research analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) 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.