Jennison Associates LLC Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Jennison Associates LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,324,360 shares of the energy company's stock after acquiring an additional 37,729 shares during the quarter. Jennison Associates LLC owned approximately 0.59% of Cheniere Energy worth $238,173,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new position in shares of Cheniere Energy during the first quarter valued at $26,000. MCF Advisors LLC purchased a new position in Cheniere Energy during the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC boosted its stake in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy during the third quarter valued at approximately $27,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of analyst reports. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada raised their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Stifel Nicolaus reduced their price target on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $208.44.

Cheniere Energy Price Performance

Shares of NYSE:LNG traded down $0.30 during midday trading on Wednesday, hitting $219.74. The company's stock had a trading volume of 1,103,768 shares, compared to its average volume of 1,780,639. The company has a market cap of $49.30 billion, a P/E ratio of 14.06 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $220.49. The business's 50 day simple moving average is $189.22 and its 200 day simple moving average is $177.50. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $2.37 earnings per share. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio is presently 12.77%.

Cheniere Energy Company 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.