Infrastructure Capital Advisors LLC Grows Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Infrastructure Capital Advisors LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 19.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,501 shares of the energy company’s stock after purchasing an additional 8,333 shares during the period. Cheniere Energy comprises 1.2% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Infrastructure Capital Advisors LLC’s holdings in Cheniere Energy were worth $9,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after purchasing an additional 167,575 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after purchasing an additional 273,588 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after purchasing an additional 202,097 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after purchasing an additional 99,678 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on LNG shares. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus lowered 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 boosted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group boosted their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada boosted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research 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. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.89.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $221.77 on Friday. The firm’s 50 day moving average price is $195.08 and its 200-day moving average price is $180.36. 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 one year low of $152.31 and a one year high of $225.44. The firm has a market cap of $49.76 billion, a P/E ratio of 14.16 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm earned $2.37 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is currently 12.77%.

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.