Metis Global Partners LLC Acquires 3,101 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Metis Global Partners LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,484 shares of the energy company's stock after purchasing an additional 3,101 shares during the period. Metis Global Partners LLC's holdings in Cheniere Energy were worth $3,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LNG. Octavia Wealth Advisors LLC increased its stake in shares of Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock valued at $269,000 after buying an additional 54 shares during the period. Signature Wealth Management Group increased its stake in shares of Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock valued at $832,000 after buying an additional 66 shares during the period. Sapient Capital LLC increased its stake in shares of Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock valued at $1,351,000 after buying an additional 67 shares during the period. Capital Advisors Ltd. LLC grew its stake in Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after purchasing an additional 68 shares during the period. Finally, Accordant Advisory Group Inc grew its stake in Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company's stock worth $3,389,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on LNG. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. UBS Group raised their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday. TD Cowen raised their target price on Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and an average target price of $208.44.

Cheniere Energy Stock Up 0.7 %

Shares of LNG stock traded up $1.52 during trading hours on Friday, reaching $212.30. The company had a trading volume of 1,598,964 shares, compared to its average volume of 1,783,304. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $217.95. 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 has a fifty day simple moving average of $187.01 and a 200-day simple moving average of $176.06. The company has a market cap of $47.63 billion, a price-to-earnings ratio of 13.46 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its 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 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 last year, the company earned $2.37 earnings per share. The company's revenue for the quarter was down 9.5% on a year-over-year basis. On average, research analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. Cheniere Energy's dividend payout ratio is presently 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.