Nomura Asset Management Co. Ltd. Acquires 9,419 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Nomura Asset Management Co. Ltd. grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 13.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 79,135 shares of the energy company's stock after acquiring an additional 9,419 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Cheniere Energy were worth $14,232,000 as of its most recent SEC filing.

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

Cheniere Energy Trading Down 0.3 %

Shares of NYSE:LNG traded down $0.57 during mid-day trading on Thursday, reaching $214.63. 1,234,928 shares of the company's stock were exchanged, compared to its average volume of 1,763,706. 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, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. The firm has a market capitalization of $48.16 billion, a price-to-earnings ratio of 13.66 and a beta of 0.97. The business's fifty day moving average price is $202.23 and its 200-day moving average price is $184.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $2.37 EPS. The business's quarterly revenue was down 9.5% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Cheniere Energy's dividend payout ratio (DPR) is currently 12.77%.

Analyst Ratings Changes

Several brokerages have commented on LNG. Royal Bank of Canada boosted 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. UBS Group lifted their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 15th. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. TD Cowen boosted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.56.

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.