Octavia Wealth Advisors LLC Increases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Octavia Wealth Advisors LLC raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,498 shares of the energy company’s stock after purchasing an additional 54 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Cheniere Energy were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LNG. MCF Advisors LLC purchased a new stake in Cheniere Energy during the second quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC raised 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 worth $27,000 after purchasing an additional 150 shares during the period. Finally, Crewe Advisors LLC bought a new stake in Cheniere Energy during the first quarter valued at about $26,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG opened at $190.83 on Friday. The company has a market capitalization of $43.18 billion, a P/E ratio of 10.17 and a beta of 0.94. The business’s 50-day moving average is $182.51 and its 200 day moving average is $170.58. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $193.16.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy announced that its Board of Directors has authorized a stock buyback program on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to purchase up to 9.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a $0.775 dividend. The ex-dividend date was Wednesday, August 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.62%. Cheniere Energy’s payout ratio is 9.28%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LNG shares. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Barclays increased their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. TD Cowen boosted their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, Stifel Nicolaus cut 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.