Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 370,488 shares of the energy company’s stock after acquiring an additional 6,990 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Cheniere Energy were worth $66,629,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $34,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Cheniere Energy in the first quarter valued at $304,000. Cetera Investment Advisers raised its stake in shares of Cheniere Energy by 897.7% during the 1st quarter. Cetera Investment Advisers now owns 74,599 shares of the energy company’s stock worth $12,031,000 after buying an additional 67,122 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of Cheniere Energy by 5.7% in the 1st quarter. Cetera Advisors LLC now owns 14,808 shares of the energy company’s stock worth $2,388,000 after buying an additional 792 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its stake in Cheniere Energy by 12.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 1,941 shares of the energy company’s stock valued at $339,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LNG shares. UBS Group upped their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. TD Cowen upped their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays boosted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Stifel Nicolaus decreased their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Two 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.89.

Cheniere Energy Price Performance

LNG opened at $224.01 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market capitalization of $50.26 billion, a PE ratio of 14.30 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $225.44. The company’s 50 day simple moving average is $195.95 and its 200 day simple moving average is $181.18.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $2.37 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s payout ratio is 12.77%.

Cheniere Energy 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.