9,306 Shares in Cheniere Energy, Inc. (NYSE:LNG) Bought by Weiss Asset Management LP

Weiss Asset Management LP acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,306 shares of the energy company's stock, valued at approximately $1,670,000.

Several other large investors have also bought and sold shares of LNG. Octavia Wealth Advisors LLC lifted its stake 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 period. MAI Capital Management increased its holdings in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company's stock valued at $756,000 after purchasing an additional 62 shares during the last quarter. Signature Wealth Management Group lifted its stake in Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock valued at $832,000 after buying an additional 66 shares during the period. Sapient Capital LLC boosted its holdings in Cheniere Energy by 0.9% during the third 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 last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of Cheniere Energy by 57.6% during the 2nd 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 period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on LNG shares. Barclays increased 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. Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price target for the company. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.56.

Cheniere Energy Stock Down 1.8 %

Shares of LNG stock traded down $3.99 on Friday, hitting $221.93. 1,286,273 shares of the stock were exchanged, compared to its average volume of 1,638,297. The business has a 50-day moving average of $200.29 and a 200 day moving average of $183.27. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $228.10. The firm has a market capitalization of $49.79 billion, a P/E ratio of 14.17 and a beta of 0.97. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

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 for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business's quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the business earned $2.37 EPS. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

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