Larson Financial Group LLC Acquires 2,296 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Larson Financial Group LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 230.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,291 shares of the energy company’s stock after acquiring an additional 2,296 shares during the period. Larson Financial Group LLC’s holdings in Cheniere Energy were worth $592,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LNG. MCF Advisors LLC bought a new position in Cheniere Energy during the second quarter valued at approximately $26,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy during the 2nd quarter valued at $27,000. Carolinas Wealth Consulting LLC boosted its stake in shares of 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 buying an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the third quarter worth $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy in the third quarter worth $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 2.0 %

Shares of Cheniere Energy stock opened at $218.10 on Tuesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a fifty day moving average of $192.63 and a 200 day moving average of $179.32. The company has a market capitalization of $48.94 billion, a P/E ratio of 13.93 and a beta of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm 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%. The business’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 earnings per share. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group boosted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Stifel Nicolaus decreased their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen lifted their price target on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Barclays upped their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.44.

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.