Applied Finance Capital Management LLC Purchases 10,563 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Applied Finance Capital Management LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 193.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,013 shares of the energy company’s stock after purchasing an additional 10,563 shares during the period. Applied Finance Capital Management LLC’s holdings in Cheniere Energy were worth $2,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNG. Crewe Advisors LLC bought a new stake in shares of Cheniere Energy during the first quarter worth about $26,000. MCF Advisors LLC bought a new stake in Cheniere Energy in the second quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in Cheniere Energy in the second quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC boosted its holdings in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy in the third quarter valued at approximately $27,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays upped their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. TD Cowen increased their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.89.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $205.67 on Friday. 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, Inc. has a twelve month low of $152.31 and a twelve month high of $206.18. The stock’s 50 day moving average is $184.62 and its 200-day moving average is $174.57. The firm has a market capitalization of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94.

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 period in the prior year, the firm posted $2.37 EPS. Sell-side analysts forecast that Cheniere Energy, Inc. will post 10.56 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s payout ratio is currently 11.11%.

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.