Entropy Technologies LP Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Entropy Technologies LP increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 29.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,668 shares of the energy company's stock after acquiring an additional 4,212 shares during the quarter. Entropy Technologies LP's holdings in Cheniere Energy were worth $3,357,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LNG. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy in the second quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy in the 3rd quarter valued at $27,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy during the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC raised 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 worth $27,000 after acquiring an additional 150 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Down 0.4 %

LNG traded down $0.77 during trading hours on Tuesday, hitting $214.11. 2,319,491 shares of the company's stock were exchanged, compared to its average volume of 1,781,892. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $217.95. The firm has a market cap of $48.04 billion, a P/E ratio of 13.72 and a beta of 0.94. The firm has a 50 day moving average of $185.21 and a 200 day moving average of $175.19.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued 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. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy's revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 EPS. Analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared 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 is Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 11.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Barclays boosted their target price 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. Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. 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 report on Wednesday, October 16th. TD Cowen increased their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $201.89.

Cheniere Energy Profile

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.