iA Global Asset Management Inc. Invests $868,000 in Cheniere Energy, Inc. (NYSE:LNG)

iA Global Asset Management Inc. acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,828 shares of the energy company's stock, valued at approximately $868,000.

A number of other institutional investors also recently made changes to their positions in LNG. Cetera Advisors LLC purchased a new position in Cheniere Energy in the 1st quarter worth approximately $215,000. Dynamic Advisor Solutions LLC raised its holdings in Cheniere Energy by 38.6% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,824 shares of the energy company's stock worth $1,018,000 after purchasing an additional 1,622 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Cheniere Energy by 28.4% in the 2nd quarter. Wedmont Private Capital now owns 1,957 shares of the energy company's stock worth $347,000 after acquiring an additional 433 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Cheniere Energy by 215.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company's stock valued at $10,936,000 after buying an additional 42,737 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in Cheniere Energy by 21.5% in the second quarter. Great Valley Advisor Group Inc. now owns 23,322 shares of the energy company's stock worth $4,077,000 after acquiring an additional 4,130 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

LNG has been the topic of several recent analyst reports. Barclays increased 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. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. 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 research report on Wednesday, October 16th. TD Cowen increased their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $216.56.

Cheniere Energy Price Performance

Cheniere Energy stock traded down $1.32 during mid-day trading on Tuesday, hitting $212.97. The stock had a trading volume of 1,432,597 shares, compared to its average volume of 1,765,349. The firm's 50 day moving average is $200.98 and its 200 day moving average is $183.85. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $228.10. The firm has a market capitalization of $47.78 billion, a P/E ratio of 13.59 and a beta of 0.97. 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 posted 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 business had revenue of $3.76 billion during 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%. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 EPS. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. Cheniere Energy's 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.