Riverstone Advisors LLC Buys 163 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Riverstone Advisors LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.1% in the third quarter, HoldingsChannel.com reports. The firm owned 14,736 shares of the energy company’s stock after acquiring an additional 163 shares during the period. Cheniere Energy accounts for approximately 1.5% of Riverstone Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Riverstone Advisors LLC’s holdings in Cheniere Energy were worth $2,650,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of LNG. Crewe Advisors LLC purchased a new position in Cheniere Energy during the 1st quarter worth $26,000. MCF Advisors LLC acquired a new stake in Cheniere Energy in the second quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC increased its holdings 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 acquiring an additional 150 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $27,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 2.1 %

Cheniere Energy stock opened at $205.67 on Friday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $206.18. The firm has a market cap of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94. The business’s 50-day moving average price is $184.62 and its 200 day moving average price is $174.57. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the firm earned $2.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 10.84 earnings per share for the current year.

Cheniere Energy Cuts Dividend

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

Analyst Ratings Changes

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

Cheniere Energy Company 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.