Harbour Capital Advisors LLC Has $2.51 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Harbour Capital Advisors LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,137 shares of the energy company’s stock after buying an additional 205 shares during the period. Harbour Capital Advisors LLC’s holdings in Cheniere Energy were worth $2,509,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after purchasing an additional 1,834,347 shares during the period. TD Asset Management Inc increased its holdings in Cheniere Energy by 231.8% in the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock worth $215,914,000 after purchasing an additional 935,239 shares in the last quarter. Darlington Partners Capital Management LP lifted its stake 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. Zimmer Partners LP boosted its holdings in shares of Cheniere Energy by 61.4% during the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock worth $197,201,000 after buying an additional 465,000 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Cheniere Energy during the 1st quarter worth approximately $70,682,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE LNG opened at $182.40 on Friday. The company has a fifty day moving average price of $183.13 and a 200-day moving average price of $171.16. The firm has a market cap of $41.75 billion, a price-to-earnings ratio of 8.88 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $193.16.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating on the stock. Barclays upped their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday. 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. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday. They set 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $200.00.

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.