Cwm LLC Purchases 76 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Cwm LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,238 shares of the energy company’s stock after acquiring an additional 76 shares during the quarter. Cwm LLC’s holdings in Cheniere Energy were worth $582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in 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 worth $921,503,000 after acquiring an additional 413,744 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Cheniere Energy by 9.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after purchasing an additional 273,588 shares during the period. Pacer Advisors Inc. lifted its stake in Cheniere Energy by 7.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after purchasing an additional 202,097 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after purchasing an additional 99,678 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Cheniere Energy by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock worth $346,268,000 after buying an additional 240,427 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG opened at $182.19 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $193.16. The firm has a market cap of $41.71 billion, a P/E ratio of 8.87 and a beta of 0.94. The business’s fifty day moving average is $183.11 and its 200-day moving average is $171.41.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data 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. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Sell-side analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

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 paid a $0.775 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 7th. This represents a $3.10 annualized dividend and a dividend yield of 1.70%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus reduced 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. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday. They issued a “buy” rating and a $215.00 price objective on the stock. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Barclays upped their price target 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. Finally, Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.