WealthPlan Investment Management LLC Grows Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

WealthPlan Investment Management LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 36.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,827 shares of the energy company's stock after purchasing an additional 4,264 shares during the period. WealthPlan Investment Management LLC's holdings in Cheniere Energy were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Octavia Wealth Advisors LLC increased its position in shares of Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock valued at $269,000 after purchasing an additional 54 shares during the last quarter. Signature Wealth Management Group grew its holdings in shares of Cheniere Energy by 1.4% during the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock worth $832,000 after buying an additional 66 shares in the last quarter. Sapient Capital LLC boosted its position in shares of Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after acquiring an additional 67 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after acquiring an additional 68 shares during the last quarter. Finally, Accordant Advisory Group Inc lifted its position in Cheniere Energy by 0.4% during the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company's stock valued at $3,389,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. 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 research report on Wednesday, October 16th. Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price target for the company. Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus decreased their price objective 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $201.89.

Cheniere Energy Stock Performance

Shares of LNG stock traded down $0.61 on Tuesday, reaching $214.27. The stock had a trading volume of 969,613 shares, compared to its average volume of 1,775,729. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $217.95. The company has a 50 day simple moving average of $185.21 and a 200 day simple moving average of $175.19. The stock has a market cap of $48.08 billion, a P/E ratio of 13.72 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.93 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly 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 company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $2.37 earnings per share. The firm's revenue was down 9.5% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

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

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.