Raymond James Trust N.A. Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Raymond James Trust N.A. increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,394 shares of the energy company’s stock after purchasing an additional 1,203 shares during the quarter. Raymond James Trust N.A.’s holdings in Cheniere Energy were worth $1,150,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy in the second quarter worth about $26,000. Lynx Investment Advisory acquired a new position in Cheniere Energy in the second quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC boosted its position in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter worth approximately $27,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.1 %

Cheniere Energy stock opened at $222.60 on Monday. The company has a market capitalization of $49.94 billion, a PE ratio of 14.21 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The firm has a 50 day moving average price of $191.92 and a 200 day moving average price of $178.90.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 EPS. Research analysts expect that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy’s payout ratio is 12.77%.

Analyst Ratings Changes

LNG has been the subject of a number of recent analyst reports. Barclays lifted 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, October 15th. Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen increased their price target on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two 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, the company has an average rating of “Moderate Buy” and an average target price of $208.44.

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.