198 Shares in Cheniere Energy, Inc. (NYSE:LNG) Acquired by Adirondack Trust Co.

Adirondack Trust Co. acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 198 shares of the energy company’s stock, valued at approximately $43,000.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after acquiring an additional 167,575 shares during the period. Wellington Management Group LLP boosted its stake in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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 buying an additional 1,789,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Cheniere Energy by 11.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock worth $322,631,000 after buying an additional 178,318 shares during the last quarter. Finally, Darlington Partners Capital Management LP lifted its holdings in Cheniere Energy by 74.6% in the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock valued at $264,720,000 after buying an additional 647,096 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LNG has been the subject of several recent research reports. Barclays upped their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Royal Bank of Canada upped 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. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Finally, Scotiabank lifted their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $231.64.

Cheniere Energy Stock Down 6.5 %

Cheniere Energy stock opened at $233.47 on Thursday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. 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 company has a 50 day moving average of $221.70 and a 200-day moving average of $196.97. The stock has a market capitalization of $52.38 billion, a PE ratio of 14.91 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 EPS. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.