Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 31.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,727 shares of the energy company's stock after purchasing an additional 6,191 shares during the quarter. Empowered Funds LLC's holdings in Cheniere Energy were worth $4,627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Octavia Wealth Advisors LLC grew its stake in shares of Cheniere Energy by 3.7% during the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock worth $269,000 after acquiring an additional 54 shares during the last quarter. Signature Wealth Management Group grew its position in Cheniere Energy by 1.4% during the 2nd 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 during the last quarter. Sapient Capital LLC increased its stake in Cheniere Energy by 0.9% during the 3rd 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 in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after buying an additional 68 shares during the last quarter. Finally, Accordant Advisory Group Inc lifted its stake in shares of Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company's stock worth $3,389,000 after buying an additional 76 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

LNG traded up $2.45 on Monday, reaching $214.75. The stock had a trading volume of 1,447,905 shares, compared to its average volume of 1,781,801. The business's 50-day moving average price is $187.64 and its two-hundred day moving average price is $176.68. The company has a market cap of $48.18 billion, a P/E ratio of 13.56 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $217.95. 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 issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $2.37 earnings per share. Cheniere Energy's quarterly revenue was down 9.5% compared to the same quarter last year. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy's payout ratio is 12.77%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. TD Cowen upped their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a report on Friday. Finally, Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus target price of $208.44.

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.