Raab & Moskowitz Asset Management LLC Has $1.15 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Raab & Moskowitz Asset Management LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 455.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,388 shares of the energy company’s stock after purchasing an additional 5,238 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Cheniere Energy were worth $1,149,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after acquiring an additional 167,575 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after purchasing an additional 273,588 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Cheniere Energy by 7.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after buying an additional 202,097 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

NYSE LNG opened at $221.93 on Monday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $228.10. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $49.79 billion, a P/E ratio of 14.17 and a beta of 0.97. The company’s 50-day simple moving average is $200.29 and its 200 day simple moving average is $183.44.

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 the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 EPS. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid 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 yield of 0.90%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of research analyst reports. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. TD Cowen upped their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. UBS Group raised 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. Royal Bank of Canada upped their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus increased their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $216.56.

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.