Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Lifted by Waverton Investment Management Ltd

Waverton Investment Management Ltd grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,673 shares of the energy company's stock after purchasing an additional 2,813 shares during the quarter. Waverton Investment Management Ltd owned approximately 0.06% of Cheniere Energy worth $26,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LNG. Crewe Advisors LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at about $26,000. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $27,000. Carolinas Wealth Consulting LLC raised its holdings in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock valued at $27,000 after buying an additional 150 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LNG. Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. TD Cowen boosted their price objective on Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $201.89.

Cheniere Energy Price Performance

Shares of LNG traded down $0.77 during midday trading on Tuesday, reaching $214.11. The stock had a trading volume of 2,319,491 shares, compared to its average volume of 1,781,892. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $217.95. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.93. The firm's 50 day moving average price is $185.21 and its 200-day moving average price is $175.19. The company has a market capitalization of $48.04 billion, a P/E ratio of 13.72 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its 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 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 revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.37 earnings per share. On average, analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, November 8th. Cheniere Energy's payout ratio is 11.11%.

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.