Nwam LLC Buys Shares of 15,277 Cheniere Energy, Inc. (NYSE:LNG)

Nwam LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,277 shares of the energy company's stock, valued at approximately $2,747,000.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company's stock valued at $10,936,000 after acquiring an additional 42,737 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in Cheniere Energy in the first quarter valued at $818,000. M&G PLC grew its position in Cheniere Energy by 21.0% during the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company's stock worth $48,390,000 after purchasing an additional 46,602 shares during the period. Jennison Associates LLC raised its stake in shares of Cheniere Energy by 2.9% during the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock valued at $238,173,000 after buying an additional 37,729 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cheniere Energy by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock valued at $20,436,000 after buying an additional 2,768 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 report on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Bank of America initiated coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price for the company. Barclays raised their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.44.

Cheniere Energy Price Performance

LNG stock traded down $2.39 during trading on Friday, hitting $222.60. The stock had a trading volume of 1,503,969 shares, compared to its average volume of 2,086,578. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $225.44. The company's 50-day moving average price is $191.92 and its two-hundred day moving average price is $178.59. 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 stock has a market capitalization of $49.94 billion, a P/E ratio of 14.22 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 41.44% and a net margin of 22.70%. The business's revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.37 earnings per share. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. Cheniere Energy's payout ratio is presently 12.77%.

About Cheniere Energy

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.