Thrivent Financial for Lutherans Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Thrivent Financial for Lutherans grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 89.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,945 shares of the energy company’s stock after purchasing an additional 2,808 shares during the period. Thrivent Financial for Lutherans’ holdings in Cheniere Energy were worth $1,069,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LNG. MCF Advisors LLC purchased a new position in Cheniere Energy during the second quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC increased its position in shares of Cheniere Energy by 5,000.0% in 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, Capital Performance Advisors LLP purchased a new stake in Cheniere Energy in the third quarter valued at approximately $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.6 %

NYSE:LNG opened at $222.57 on Tuesday. The firm has a market capitalization of $49.94 billion, a P/E ratio of 14.21 and a beta of 0.94. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a fifty day moving average of $196.75 and a 200 day moving average of $181.64.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during 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 quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.37 EPS. On average, research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Barclays increased their target price 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 price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, TD Cowen boosted their target price on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.89.

Cheniere Energy 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.