HighTower Advisors LLC Has $28.67 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

HighTower Advisors LLC boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,519 shares of the energy company's stock after purchasing an additional 2,949 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Cheniere Energy worth $28,670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in shares of Cheniere Energy during the 2nd quarter worth $26,000. Carolinas Wealth Consulting LLC raised its stake in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy in the third quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the third quarter worth about $28,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy during the second quarter valued at approximately $30,000. 87.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on LNG. Stifel Nicolaus boosted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research report on Wednesday. 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 target on the stock. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Barclays lifted their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $216.56.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded down $3.99 during mid-day trading on Friday, hitting $221.93. The company had a trading volume of 1,284,872 shares, compared to its average volume of 1,765,419. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business's 50-day simple moving average is $199.45 and its 200-day simple moving average is $182.68. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The firm has a market cap of $49.79 billion, a P/E ratio of 14.44 and a beta of 0.97.

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, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $2.37 earnings per share. Cheniere Energy's revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, analysts predict that Cheniere Energy, Inc. will post 11.26 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. Investors of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy's dividend payout ratio is currently 12.77%.

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.