Dynamic Advisor Solutions LLC Acquires 134 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Dynamic Advisor Solutions LLC raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,958 shares of the energy company’s stock after purchasing an additional 134 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Cheniere Energy were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP raised its position in Cheniere Energy by 156.3% during the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after purchasing an additional 186 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Cheniere Energy by 49.3% in the 4th quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock worth $563,000 after purchasing an additional 1,089 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Cheniere Energy in the 4th quarter worth approximately $163,000. Chicago Partners Investment Group LLC raised its holdings in Cheniere Energy by 9.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 24,714 shares of the energy company’s stock worth $4,086,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Syon Capital LLC raised its holdings in Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after acquiring an additional 73 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $191.87 on Friday. The company has a market capitalization of $43.92 billion, a price-to-earnings ratio of 9.35 and a beta of 0.94. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $193.16. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The firm has a 50 day moving average of $181.98 and a 200 day moving average of $170.14.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has initiated a stock repurchase plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.62%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent research reports. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. Stifel Nicolaus dropped 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. Barclays boosted their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, TD Cowen boosted their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.