Foundations Investment Advisors LLC Raises Stake in Cheniere Energy, Inc. (NYSE:LNG)

Foundations Investment Advisors LLC increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,411 shares of the energy company’s stock after acquiring an additional 5,930 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Cheniere Energy were worth $10,505,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LNG. Massachusetts Financial Services Co. MA lifted its stake in Cheniere Energy by 1,490.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock worth $342,221,000 after acquiring an additional 1,834,347 shares during the period. TD Asset Management Inc lifted its stake in Cheniere Energy by 231.8% in the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock worth $215,914,000 after acquiring an additional 935,239 shares during the period. Darlington Partners Capital Management LP lifted its stake in Cheniere Energy by 74.6% in the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after acquiring an additional 647,096 shares during the period. Zimmer Partners LP lifted its stake in Cheniere Energy by 61.4% in the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock worth $197,201,000 after acquiring an additional 465,000 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in Cheniere Energy in the first quarter worth about $70,682,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on LNG shares. Stifel Nicolaus decreased their price target 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. Royal Bank of Canada increased their price target 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. 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 price target for the company. Barclays increased their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $181.01 on Tuesday. The stock has a market capitalization of $41.44 billion, a price-to-earnings ratio of 8.82 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $193.16. The firm’s 50 day simple moving average is $183.07 and its 200-day simple moving average is $171.69. 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 announced its earnings results 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. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current 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 given a dividend of $0.775 per share. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 7th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.71%. Cheniere Energy’s dividend payout ratio (DPR) is 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.