WealthPlan Investment Management LLC Has $2.85 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

WealthPlan Investment Management LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 36.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,827 shares of the energy company’s stock after buying an additional 4,264 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Cheniere Energy were worth $2,846,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. grew its position in Cheniere Energy by 6.7% during the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after acquiring an additional 11,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after purchasing an additional 42,737 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in Cheniere Energy in the 1st quarter valued at $818,000. M&G PLC raised its holdings in shares of Cheniere Energy by 21.0% in the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock valued at $48,390,000 after purchasing an additional 46,602 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Cheniere Energy by 10.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 270,185 shares of the energy company’s stock valued at $42,581,000 after acquiring an additional 24,498 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $214.88 on Tuesday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $215.84. The stock has a fifty day moving average price of $184.62 and a 200 day moving average price of $174.80. The firm has a market capitalization of $48.21 billion, a P/E ratio of 13.72 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.41.

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

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Cheniere Energy’s dividend payout ratio is presently 11.11%.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of analyst reports. Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Stifel Nicolaus decreased their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Royal Bank of Canada lifted their price target 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. TD Cowen increased their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Two investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

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.