Moors & Cabot Inc. Purchases 284 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Moors & Cabot Inc. lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,389 shares of the energy company’s stock after buying an additional 284 shares during the period. Moors & Cabot Inc.’s holdings in Cheniere Energy were worth $609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LNG. MCF Advisors LLC purchased a new stake in Cheniere Energy during the second quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Lynx Investment Advisory purchased a new stake in Cheniere Energy during the 2nd quarter valued at about $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, Capital Performance Advisors LLP purchased a new position in Cheniere Energy in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LNG. Stifel Nicolaus dropped their price objective 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. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, TD Cowen boosted their price target on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $208.44.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $222.66 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The stock’s 50 day simple moving average is $191.92 and its two-hundred day simple moving average is $178.59. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market cap of $49.96 billion, a price-to-earnings ratio of 14.22 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released 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. 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%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.37 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio 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.