Great Valley Advisor Group Inc. Has $4.48 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Great Valley Advisor Group Inc. raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 6.9% in the third quarter, HoldingsChannel reports. The fund owned 24,929 shares of the energy company’s stock after purchasing an additional 1,607 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Cheniere Energy were worth $4,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LNG. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock worth $342,221,000 after purchasing an additional 1,834,347 shares in the last quarter. Darlington Partners Capital Management LP lifted its stake in shares of Cheniere Energy by 74.6% in the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock valued at $264,720,000 after buying an additional 647,096 shares in the last quarter. Zimmer Partners LP lifted its stake in shares of Cheniere Energy by 61.4% in the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after buying an additional 465,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after buying an additional 413,744 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Cheniere Energy by 854.3% during the second quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company’s stock worth $80,201,000 after acquiring an additional 410,668 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 1.1 %

Shares of Cheniere Energy stock opened at $222.60 on Friday. The firm has a market cap of $49.94 billion, a PE ratio of 14.21 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a fifty day moving average price of $191.92 and a 200-day moving average price of $178.75.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.37 earnings per share. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy’s payout ratio is 12.77%.

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. Barclays lifted 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. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. TD Cowen increased their price target on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus dropped their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.44.

Cheniere Energy Company 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.