MML Investors Services LLC Has $8.66 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

MML Investors Services LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 16.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,124 shares of the energy company's stock after purchasing an additional 6,640 shares during the period. MML Investors Services LLC's holdings in Cheniere Energy were worth $8,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock valued at $978,047,000 after buying an additional 167,575 shares during the period. Wellington Management Group LLP raised its position in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after buying an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its position in Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock valued at $673,927,000 after buying an additional 1,789,919 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company's stock valued at $566,956,000 after buying an additional 273,588 shares during the period. Finally, Pacer Advisors Inc. raised its position in Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company's stock valued at $510,825,000 after buying an additional 202,097 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target on the stock. TD Cowen boosted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $216.56.

Cheniere Energy Price Performance

Shares of LNG traded down $0.57 during mid-day trading on Thursday, reaching $214.63. The company had a trading volume of 1,162,766 shares, compared to its average volume of 1,763,576. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. 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 company's 50-day moving average is $202.23 and its 200-day moving average is $184.46. The company has a market capitalization of $48.16 billion, a P/E ratio of 13.66 and a beta of 0.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy's revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 EPS. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.25 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio is 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.