Farther Finance Advisors LLC Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Farther Finance Advisors LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 53.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 368 shares of the energy company’s stock after purchasing an additional 128 shares during the period. Farther Finance Advisors LLC’s holdings in Cheniere Energy were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in Cheniere Energy during the first quarter worth about $26,000. MCF Advisors LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy during the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC increased its holdings in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy in the third quarter valued at approximately $27,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.4 %

NYSE LNG opened at $214.11 on Wednesday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $217.95. The firm has a 50 day moving average of $185.21 and a two-hundred day moving average of $175.19. The stock has a market capitalization of $48.04 billion, a PE ratio of 13.72 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm 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%. Cheniere Energy’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.37 earnings per share. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNG shares. TD Cowen raised their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Barclays boosted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $201.89.

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.