Metis Global Partners LLC Has $3.50 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Metis Global Partners LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,484 shares of the energy company’s stock after buying an additional 3,101 shares during the quarter. Metis Global Partners LLC’s holdings in Cheniere Energy were worth $3,504,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. KBC Group NV lifted its stake in shares of Cheniere Energy by 0.8% during the third quarter. KBC Group NV now owns 69,900 shares of the energy company’s stock valued at $12,571,000 after acquiring an additional 560 shares during the period. Hourglass Capital LLC raised its holdings in Cheniere Energy by 2.8% during the 3rd quarter. Hourglass Capital LLC now owns 10,890 shares of the energy company’s stock worth $1,958,000 after purchasing an additional 300 shares during the last quarter. Huntington National Bank lifted its position in Cheniere Energy by 2.6% during the 3rd quarter. Huntington National Bank now owns 3,571 shares of the energy company’s stock valued at $642,000 after purchasing an additional 89 shares during the period. MQS Management LLC bought a new position in shares of Cheniere Energy in the 3rd quarter valued at about $386,000. Finally, Victory Capital Management Inc. grew its position in shares of Cheniere Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock worth $20,436,000 after buying an additional 2,768 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $210.61 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $217.95. The company’s 50 day moving average price is $186.42 and its two-hundred day moving average price is $175.82. The company has a market capitalization of $47.25 billion, a P/E ratio of 13.45 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data 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 business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.37 EPS. On average, analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. Cheniere Energy’s payout ratio is presently 12.77%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LNG shares. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. TD Cowen increased their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus decreased 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target 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.