Dynamic Technology Lab Private Ltd Invests $1.99 Million in Cheniere Energy, Inc. (NYSE:LNG)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,087 shares of the energy company's stock, valued at approximately $1,994,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company's stock worth $342,221,000 after purchasing an additional 1,834,347 shares during the last quarter. Darlington Partners Capital Management LP lifted its stake in shares of Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock valued at $264,720,000 after purchasing an additional 647,096 shares during the last quarter. Zimmer Partners LP boosted its holdings in Cheniere Energy by 61.4% in the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company's stock worth $197,201,000 after purchasing an additional 465,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock worth $921,503,000 after buying an additional 413,744 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in Cheniere Energy by 854.3% during the second quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company's stock valued at $80,201,000 after buying an additional 410,668 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LNG. Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. 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 report on Wednesday, October 16th. Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. UBS Group boosted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $212.89.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded up $3.68 during mid-day trading on Tuesday, reaching $221.90. 1,260,429 shares of the stock were exchanged, compared to its average volume of 1,783,439. The company has a market cap of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The firm has a 50-day simple moving average of $193.45 and a 200 day simple moving average of $179.78. 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 released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the previous year, the company earned $2.37 earnings per share. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors 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 yield of 0.90%. Cheniere Energy's dividend payout ratio (DPR) is currently 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.