Franklin Street Advisors Inc. NC Purchases New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Franklin Street Advisors Inc. NC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,793 shares of the energy company's stock, valued at approximately $7,046,000.

A number of other institutional investors have also made changes to their positions in the stock. First Hawaiian Bank increased its position in shares of Cheniere Energy by 7.9% during the fourth quarter. First Hawaiian Bank now owns 12,076 shares of the energy company's stock valued at $2,595,000 after acquiring an additional 889 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at about $614,000. Oliver Luxxe Assets LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at about $4,618,000. Fortem Financial Group LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at about $239,000. Finally, Insight Wealth Strategies LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at about $4,455,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on LNG. UBS Group lifted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 15th. Bank of America began 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. Barclays lifted their price objective 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. Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and a consensus price target of $226.55.

Cheniere Energy Stock Up 0.0 %

Shares of NYSE:LNG traded up $0.11 during trading on Friday, hitting $225.30. 1,630,983 shares of the company were exchanged, compared to its average volume of 1,513,864. The stock has a market capitalization of $50.55 billion, a P/E ratio of 14.39 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $229.63. The firm's 50 day moving average price is $214.24 and its 200-day moving average price is $192.40.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data 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 business 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%. The company's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.37 EPS. On average, research analysts predict that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy's dividend payout ratio 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.