950 Shares in Cheniere Energy, Inc. (NYSE:LNG) Bought by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 950 shares of the energy company’s stock, valued at approximately $171,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $34,000. Lazard Asset Management LLC boosted its position in shares of Cheniere Energy by 20.8% during the first quarter. Lazard Asset Management LLC now owns 4,795 shares of the energy company’s stock worth $772,000 after purchasing an additional 827 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Cheniere Energy during the first quarter worth $818,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Cheniere Energy by 103.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 46,060 shares of the energy company’s stock valued at $7,429,000 after buying an additional 23,414 shares during the period. Finally, Oxford Wealth Group LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at $953,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG opened at $222.60 on Monday. 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 $225.44. The stock has a market capitalization of $49.94 billion, a P/E ratio of 14.21 and a beta of 0.94. The company has a 50 day moving average of $191.92 and a 200-day moving average of $178.90.

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. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm earned $2.37 earnings per share. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analyst Ratings Changes

Several research firms have weighed in on LNG. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on shares of 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, Stifel Nicolaus reduced their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.44.

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.