Continuum Advisory LLC Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Continuum Advisory LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,919 shares of the energy company’s stock after buying an additional 3,828 shares during the quarter. Continuum Advisory LLC’s holdings in Cheniere Energy were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. MCF Advisors LLC bought a new position in Cheniere Energy in the 2nd quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the third quarter valued at $27,000. Carolinas Wealth Consulting LLC raised its stake in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Cheniere Energy in the 3rd quarter valued at about $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LNG shares. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, TD Cowen raised their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.56.

Cheniere Energy Price Performance

Shares of LNG opened at $221.93 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 firm has a market cap of $49.79 billion, a PE ratio of 14.17 and a beta of 0.97. The firm’s 50 day moving average price is $200.29 and its 200 day moving average price is $183.44. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The business’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.25 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 issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is currently 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.