Beck Capital Management LLC Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Beck Capital Management LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,825 shares of the energy company’s stock after purchasing an additional 155 shares during the quarter. Cheniere Energy accounts for 1.0% of Beck Capital Management LLC’s portfolio, making the stock its 29th largest position. Beck Capital Management LLC’s holdings in Cheniere Energy were worth $3,925,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LNG. Erste Asset Management GmbH purchased a new position in Cheniere Energy in the 3rd quarter valued at about $16,838,000. Morton Community Bank purchased a new stake in shares of Cheniere Energy during the third quarter worth about $2,855,000. Maverick Capital Ltd. lifted its stake in shares of Cheniere Energy by 1.2% in the third quarter. Maverick Capital Ltd. now owns 8,979 shares of the energy company’s stock worth $1,615,000 after acquiring an additional 107 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cheniere Energy by 25.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 773,445 shares of the energy company’s stock valued at $139,096,000 after purchasing an additional 158,255 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Cheniere Energy during the 3rd quarter valued at approximately $327,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $224.01 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market capitalization of $50.26 billion, a PE ratio of 14.30 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44. The business’s fifty day moving average price is $195.95 and its two-hundred day moving average price is $181.18.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNG. Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. TD Cowen upped their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $212.89.

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.