Whittier Trust Co. Has $10.44 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Whittier Trust Co. grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7,078.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,074 shares of the energy company’s stock after purchasing an additional 57,265 shares during the period. Whittier Trust Co.’s holdings in Cheniere Energy were worth $10,444,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LNG. Daiwa Securities Group Inc. raised its stake in Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after purchasing an additional 6,235 shares in the last quarter. Sei Investments Co. raised its position in shares of Cheniere Energy by 6.7% in the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after buying an additional 11,800 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Cheniere Energy by 103.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after acquiring an additional 16,044 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after acquiring an additional 42,737 shares during the period. Finally, Silvercrest Asset Management Group LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $818,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 0.4 %

Shares of Cheniere Energy stock traded down $0.69 on Monday, reaching $181.50. 666,326 shares of the company’s stock were exchanged, compared to its average volume of 1,754,877. The firm’s 50-day moving average is $183.11 and its two-hundred day moving average is $171.51. The company has a market capitalization of $41.55 billion, a P/E ratio of 8.87 and a beta of 0.94. 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.

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

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.775 per share. This is an increase 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 yield of 1.71%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Analysts Set New Price Targets

A number of research analysts have issued reports on LNG shares. Bank of America began coverage on Cheniere Energy in a research report on Thursday. They issued a “buy” rating and a $215.00 target price on the stock. Barclays upped their price objective 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 issued an “outperform” rating on the stock. Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada raised their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two 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.com, the stock 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.