Riverstone Advisors LLC Raises Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Riverstone Advisors LLC lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,736 shares of the energy company’s stock after purchasing an additional 163 shares during the quarter. Cheniere Energy accounts for approximately 1.5% of Riverstone Advisors LLC’s investment portfolio, making the stock its 14th largest position. Riverstone Advisors LLC’s holdings in Cheniere Energy were worth $2,650,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LNG. Sei Investments Co. grew its stake in shares of Cheniere Energy by 6.7% in the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after buying an additional 11,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after buying an additional 42,737 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Cheniere Energy in the first quarter worth $818,000. M&G PLC boosted its stake in Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after buying an additional 46,602 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Cheniere Energy by 10.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 270,185 shares of the energy company’s stock valued at $42,581,000 after acquiring an additional 24,498 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $205.67 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $206.18. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.41. The stock has a fifty day simple moving average of $184.62 and a two-hundred day simple moving average of $174.57. The stock has a market capitalization of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.37 earnings per share. On average, analysts predict that Cheniere Energy, Inc. will post 10.84 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s payout ratio is 11.11%.

Wall Street Analysts Forecast Growth

LNG has been the subject of several analyst reports. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. TD Cowen raised their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barclays upped their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus reduced their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada boosted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.89.

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.