Castleark Management LLC Buys 4,330 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Castleark Management LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 34.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,966 shares of the energy company’s stock after purchasing an additional 4,330 shares during the quarter. Castleark Management LLC’s holdings in Cheniere Energy were worth $3,051,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position 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 valued at $978,047,000 after buying an additional 167,575 shares during the period. Wellington Management Group LLP increased its holdings in Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Cheniere Energy by 91.4% in the 3rd 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. boosted its holdings in Cheniere Energy by 9.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after purchasing an additional 273,588 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after purchasing an additional 202,097 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research analyst reports. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. TD Cowen lifted their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada upped their price objective 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. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Finally, Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $216.56.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $221.93 on Friday. The firm has a fifty day simple moving average of $200.29 and a two-hundred day simple moving average of $183.27. The company has a quick ratio of 0.98, 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 $228.10. The company has a market capitalization of $49.79 billion, a PE ratio of 14.17 and a beta of 0.97.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The company 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 revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.37 EPS. Research analysts expect that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

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