Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,652 shares of the energy company’s stock after buying an additional 7,258 shares during the quarter. Van ECK Associates Corp’s holdings in Cheniere Energy were worth $20,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC acquired a new stake in shares of Cheniere Energy in the first quarter worth about $26,000. MCF Advisors LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC grew its position in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy during the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $188.77 on Tuesday. 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 market capitalization of $42.71 billion, a price-to-earnings ratio of 12.05 and a beta of 0.94. The stock has a fifty day moving average of $183.38 and a 200 day moving average of $173.68. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $193.16.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 42.29% and a net margin of 22.70%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the company earned $2.37 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy, Inc. will post 10.11 earnings per share for the current 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 issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Cheniere Energy’s dividend payout ratio is presently 11.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays increased their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

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.