Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,438,428 shares of the energy company's stock after purchasing an additional 167,575 shares during the period. Cheniere Energy makes up about 0.9% of The Manufacturers Life Insurance Company's portfolio, making the stock its 12th biggest holding. The Manufacturers Life Insurance Company owned about 2.42% of Cheniere Energy worth $978,047,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. MCF Advisors LLC acquired a new position in Cheniere Energy during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $27,000. Carolinas Wealth Consulting LLC raised its stake in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy in the 3rd quarter worth $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in Cheniere Energy during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of LNG stock traded up $3.68 during mid-day trading on Tuesday, hitting $221.90. 1,260,429 shares of the stock were exchanged, compared to its average volume of 1,783,439. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $225.44. The firm has a fifty day moving average of $193.45 and a 200 day moving average of $179.78. The company has a market cap of $49.79 billion, a PE ratio of 14.17 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The company 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 quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.37 earnings per share. Research analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada boosted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, TD Cowen increased their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and a consensus target price of $212.89.

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.