Bleakley Financial Group LLC Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Bleakley Financial Group LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,284 shares of the energy company’s stock after buying an additional 318 shares during the period. Bleakley Financial Group LLC’s holdings in Cheniere Energy were worth $770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in Cheniere Energy in the 1st quarter valued at about $26,000. MCF Advisors LLC bought a new position in shares of Cheniere Energy during the second quarter worth about $26,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC lifted its position in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the third quarter worth about $27,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on LNG shares. Bank of America started 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 on the stock. Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus reduced their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Cheniere Energy Price Performance

LNG opened at $181.01 on Tuesday. The firm has a market cap of $41.44 billion, a price-to-earnings ratio of 8.82 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $193.16. The company’s 50-day moving average price is $183.07 and its 200 day moving average price is $171.69. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 9.76 earnings per share for the current year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a $0.775 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $3.10 annualized dividend and a dividend yield of 1.71%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.