CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Buys 41,005 Shares of Cheniere Energy, Inc. (NYSE:LNG)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 532,185 shares of the energy company’s stock after acquiring an additional 41,005 shares during the period. Cheniere Energy comprises approximately 7.0% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 3rd largest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.23% of Cheniere Energy worth $95,708,000 at the end of the most recent reporting period.

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

Cheniere Energy Trading Up 0.6 %

Shares of LNG traded up $1.00 during mid-day trading on Tuesday, reaching $182.07. 681,201 shares of the company’s stock traded hands, compared to its average volume of 1,751,912. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $193.16. The stock’s 50-day moving average is $183.07 and its two-hundred day moving average is $171.69. The stock has a market cap of $41.68 billion, a P/E ratio of 8.85 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93.

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

Cheniere Energy Increases Dividend

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

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Barclays upped 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. 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 research note on Friday, August 9th. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.