Thrivent Financial for Lutherans Grows Position in Cheniere Energy, Inc. (NYSE:LNG)

Thrivent Financial for Lutherans grew its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 89.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,945 shares of the energy company's stock after buying an additional 2,808 shares during the period. Thrivent Financial for Lutherans' holdings in Cheniere Energy were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Octavia Wealth Advisors LLC lifted its holdings in Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock worth $269,000 after buying an additional 54 shares in the last quarter. Signature Wealth Management Group lifted its position in Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock valued at $832,000 after purchasing an additional 66 shares during the period. Sapient Capital LLC grew its position in shares of Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after buying an additional 67 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after buying an additional 68 shares during the last quarter. Finally, Accordant Advisory Group Inc lifted its stake in shares of Cheniere Energy by 0.4% in the 2nd quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company's stock valued at $3,389,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded up $0.63 during trading on Tuesday, hitting $223.20. The company's stock had a trading volume of 928,263 shares, compared to its average volume of 1,780,713. 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 firm has a market cap of $50.08 billion, a price-to-earnings ratio of 14.25 and a beta of 0.97. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $225.44. The company has a 50-day moving average of $196.75 and a 200-day moving average of $181.64.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company earned $2.37 earnings per share. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current 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 dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. Cheniere Energy's dividend payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a report on Friday, August 9th. Royal Bank of Canada increased their price target 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. UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Finally, Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $212.89.

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.