Generate Investment Management Ltd Has $6.32 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Generate Investment Management Ltd cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 59.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,149 shares of the energy company’s stock after selling 51,473 shares during the quarter. Generate Investment Management Ltd’s holdings in Cheniere Energy were worth $6,321,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after purchasing an additional 413,744 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in 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 valued at $566,956,000 after buying an additional 273,588 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Cheniere Energy by 7.4% in the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after buying an additional 202,097 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Cheniere Energy by 5.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after acquiring an additional 99,678 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cheniere Energy by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock valued at $346,268,000 after acquiring an additional 240,427 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating for the company. Stifel Nicolaus cut their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday. They issued a “buy” rating and a $215.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $200.00.

Cheniere Energy Trading Down 0.2 %

Cheniere Energy stock opened at $182.12 on Friday. The business has a 50 day moving average price of $183.11 and a two-hundred day moving average price of $171.32. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $193.16. The stock has a market cap of $41.69 billion, a price-to-earnings ratio of 8.87 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.