Foundations Investment Advisors LLC Acquires 2,646 Shares of Cheniere Energy, Inc. $LNG

Foundations Investment Advisors LLC lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,856 shares of the energy company’s stock after purchasing an additional 2,646 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Cheniere Energy were worth $17,742,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock valued at $1,141,473,000 after acquiring an additional 26,843 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new position in shares of Cheniere Energy during the 2nd quarter worth approximately $328,000. Allianz SE raised its stake in shares of Cheniere Energy by 127.6% during the 2nd quarter. Allianz SE now owns 2,640 shares of the energy company’s stock worth $643,000 after purchasing an additional 1,480 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Cheniere Energy by 3.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 33,522 shares of the energy company’s stock worth $8,163,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Bailard Inc. raised its holdings in shares of Cheniere Energy by 0.7% in the 2nd quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock valued at $1,623,000 after purchasing an additional 49 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $215.20 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $188.70 and a fifty-two week high of $257.65. The firm has a market cap of $46.32 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. The business has a 50 day moving average price of $225.09 and a 200-day moving average price of $231.77.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the previous year, the business earned $3.93 EPS. Cheniere Energy’s revenue was up 18.0% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.555 per share. The ex-dividend date is Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.0%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Insider Buying and Selling

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction dated 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 of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Raymond James Financial reiterated a “strong-buy” rating and set a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Finally, TD Cowen raised their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $268.47.

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.