Cheniere Energy, Inc. $LNG Holdings Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 11.9% in the second quarter, HoldingsChannel reports. The fund owned 11,118 shares of the energy company’s stock after purchasing an additional 1,186 shares during the quarter. Advisors Asset Management Inc.’s holdings in Cheniere Energy were worth $2,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Brighton Jones LLC bought a new position in Cheniere Energy during the 4th quarter valued at $335,000. HB Wealth Management LLC lifted its holdings in shares of Cheniere Energy by 30.8% in the first quarter. HB Wealth Management LLC now owns 2,584 shares of the energy company’s stock valued at $598,000 after buying an additional 609 shares during the period. GSA Capital Partners LLP bought a new position in Cheniere Energy during the first quarter valued at about $557,000. Vestcor Inc boosted its stake in Cheniere Energy by 33.9% during the first quarter. Vestcor Inc now owns 9,191 shares of the energy company’s stock valued at $2,127,000 after buying an additional 2,326 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Cheniere Energy by 6.2% during the first quarter. Arkadios Wealth Advisors now owns 2,824 shares of the energy company’s stock worth $654,000 after acquiring an additional 164 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LNG shares. TD Cowen upped their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. Jefferies Financial Group set a $290.00 target price on shares of Cheniere Energy in a report on Thursday, October 30th. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Mizuho increased their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $268.47.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $209.24 on Friday. The company’s fifty day moving average is $219.82 and its two-hundred day moving average is $229.93. The company has a market cap of $45.03 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.93 earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were issued a $0.555 dividend. The ex-dividend date was Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Insider Activity

In related news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

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.