Beacon Pointe Advisors LLC Has $2.82 Million Stake in Cheniere Energy, Inc. $LNG

Beacon Pointe Advisors LLC raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 149.1% during the second quarter, Holdings Channel reports. The institutional investor owned 11,558 shares of the energy company’s stock after buying an additional 6,919 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Cheniere Energy were worth $2,815,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LNG. American Century Companies Inc. grew its stake in shares of Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock valued at $301,804,000 after acquiring an additional 282,050 shares during the period. Thompson Davis & CO. Inc. purchased a new position in Cheniere Energy in the 1st quarter worth approximately $529,000. Assetmark Inc. boosted its stake in Cheniere Energy by 718.1% in the 2nd quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after purchasing an additional 1,465 shares during the period. Trivium Point Advisory LLC grew its holdings in Cheniere Energy by 38.6% during the 1st quarter. Trivium Point Advisory LLC now owns 28,029 shares of the energy company’s stock valued at $6,486,000 after buying an additional 7,808 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Cheniere Energy by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after buying an additional 1,273 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LNG shares. Scotiabank lowered their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. TD Cowen boosted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $268.47.

Insider Activity at Cheniere Energy

In other news, Director W Benjamin Moreland acquired 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director directly owned 9,856 shares in the company, valued at $2,052,216.32. The trade was a 102.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Stock Down 0.1%

Shares of NYSE:LNG opened at $208.24 on Friday. The stock has a market cap of $44.82 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 5.43 and a beta of 0.26. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 2.12. Cheniere Energy, Inc. has a 52-week low of $188.70 and a 52-week high of $257.65. The business’s 50 day moving average is $217.76 and its 200 day moving average is $229.24.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period in the prior year, the firm earned $3.93 earnings per share. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

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

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.