Cetera Investment Advisers Has $21.84 Million Position in Cheniere Energy, Inc. $LNG

Cetera Investment Advisers boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,701 shares of the energy company’s stock after purchasing an additional 592 shares during the period. Cetera Investment Advisers’ holdings in Cheniere Energy were worth $21,844,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of Cheniere Energy by 2.6% during the 2nd quarter. Creative Planning now owns 96,310 shares of the energy company’s stock valued at $23,453,000 after acquiring an additional 2,429 shares in the last quarter. Meridian Wealth Management LLC boosted its position in Cheniere Energy by 7.3% during the second quarter. Meridian Wealth Management LLC now owns 1,798 shares of the energy company’s stock valued at $438,000 after purchasing an additional 123 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Cheniere Energy by 12.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 379,958 shares of the energy company’s stock valued at $92,527,000 after purchasing an additional 40,847 shares in the last quarter. Foundations Investment Advisors LLC increased its position in Cheniere Energy by 3.8% in the 2nd quarter. Foundations Investment Advisors LLC now owns 72,856 shares of the energy company’s stock worth $17,742,000 after purchasing an additional 2,646 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Cheniere Energy by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock worth $1,141,473,000 after purchasing an additional 26,843 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.9%

Shares of LNG stock opened at $213.28 on Wednesday. The stock’s 50 day simple moving average is $224.31 and its 200 day simple moving average is $231.46. Cheniere Energy, Inc. has a twelve month low of $188.70 and a twelve month high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the business earned $3.93 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were issued a $0.555 dividend. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.0%. Cheniere Energy’s payout ratio is 12.37%.

Analyst Ratings Changes

LNG has been the subject of several recent research reports. Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Mizuho boosted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Jefferies Financial Group set a $290.00 price target on shares of Cheniere Energy in a research note on Thursday, October 30th. Wells Fargo & Company lifted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Finally, Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.47.

Insiders Place Their Bets

In other news, Director W Benjamin Moreland bought 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.