Brown Brothers Harriman & Co. Grows Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Brown Brothers Harriman & Co. lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2,176.2% in the third quarter, HoldingsChannel.com reports. The firm owned 2,777 shares of the energy company’s stock after purchasing an additional 2,655 shares during the period. Brown Brothers Harriman & Co.’s holdings in Cheniere Energy were worth $499,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $34,000. Lazard Asset Management LLC increased its position in Cheniere Energy by 20.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,795 shares of the energy company’s stock valued at $772,000 after purchasing an additional 827 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in Cheniere Energy during the 1st quarter valued at $818,000. Jacobs Levy Equity Management Inc. raised its holdings in Cheniere Energy by 103.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 46,060 shares of the energy company’s stock worth $7,429,000 after purchasing an additional 23,414 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Cheniere Energy in the 1st quarter worth about $304,000. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on LNG. TD Cowen increased their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. 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 research note on Friday, August 9th. Finally, Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $212.89.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $221.90 on Wednesday. The company has a market capitalization of $49.79 billion, a PE ratio of 14.17 and a beta of 0.94. The business has a fifty day moving average price of $193.45 and a 200-day moving average price of $179.78. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

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, beating analysts’ consensus estimates of $1.87 by $2.06. The business 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%. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business earned $2.37 EPS. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given 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 presently 12.77%.

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.