National Pension Service Has $88.53 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

National Pension Service lifted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 493,280 shares of the energy company's stock after acquiring an additional 22,314 shares during the period. National Pension Service owned 0.22% of Cheniere Energy worth $88,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in Cheniere Energy by 1,490.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company's stock valued at $342,221,000 after purchasing an additional 1,834,347 shares during the last quarter. TD Asset Management Inc lifted its stake in Cheniere Energy by 231.8% during the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company's stock valued at $215,914,000 after purchasing an additional 935,239 shares during the last quarter. Darlington Partners Capital Management LP lifted its stake in Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock valued at $264,720,000 after purchasing an additional 647,096 shares during the last quarter. Zimmer Partners LP lifted its stake in Cheniere Energy by 61.4% during the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company's stock valued at $197,201,000 after purchasing an additional 465,000 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Cheniere Energy during the first quarter valued at approximately $70,682,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays increased their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. TD Cowen boosted their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday. Stifel Nicolaus cut their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.89.

Cheniere Energy Stock Up 2.6 %

Cheniere Energy stock traded up $5.08 during trading hours on Wednesday, hitting $197.66. The company had a trading volume of 3,282,579 shares, compared to its average volume of 1,771,876. The firm has a market capitalization of $44.72 billion, a P/E ratio of 12.62 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The firm's fifty day moving average is $183.85 and its 200-day moving average is $174.06. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $200.32.

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, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 42.29%. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.37 EPS. On average, research analysts forecast that Cheniere Energy, Inc. will post 10.11 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.01%. Cheniere Energy's dividend payout ratio (DPR) is 11.11%.

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.