Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 0.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,502 shares of the energy company’s stock after purchasing an additional 90 shares during the quarter. Cheniere Energy accounts for about 1.9% of Graybill Wealth Management LTD.’s holdings, making the stock its 26th largest holding. Graybill Wealth Management LTD.’s holdings in Cheniere Energy were worth $5,126,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Crewe Advisors LLC purchased a new position in shares of Cheniere Energy during the 1st quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the second quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC raised its position in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy in the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Royal Bank of Canada increased their price objective 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 shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Barclays boosted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Cheniere Energy Trading Up 0.4 %

NYSE:LNG traded up $0.65 on Tuesday, hitting $181.72. The stock had a trading volume of 329,164 shares, compared to its average volume of 1,750,394. The company has a fifty day moving average price of $183.07 and a two-hundred day moving average price of $171.69. The stock has a market cap of $41.60 billion, a price-to-earnings ratio of 8.82 and a beta of 0.94. 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 1-year low of $152.31 and a 1-year high of $193.16.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. Equities research analysts expect that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a $0.775 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $3.10 dividend on an annualized basis and a yield of 1.71%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s dividend payout ratio is presently 8.48%.

About Cheniere Energy

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.