Riverstone Advisors LLC Buys 2,523 Shares of Cheniere Energy, Inc. $LNG

Riverstone Advisors LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,745 shares of the energy company’s stock after acquiring an additional 2,523 shares during the period. Cheniere Energy comprises about 2.4% of Riverstone Advisors LLC’s investment portfolio, making the stock its 11th largest position. Riverstone Advisors LLC’s holdings in Cheniere Energy were worth $4,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. HighTower Advisors LLC grew its holdings in shares of Cheniere Energy by 19.4% in the 3rd quarter. HighTower Advisors LLC now owns 168,949 shares of the energy company’s stock worth $39,702,000 after purchasing an additional 27,445 shares during the last quarter. Uniting Wealth Partners LLC acquired a new position in Cheniere Energy in the third quarter valued at about $226,000. Cidel Asset Management Inc. grew its stake in Cheniere Energy by 10.7% during the third quarter. Cidel Asset Management Inc. now owns 1,047 shares of the energy company’s stock worth $245,000 after buying an additional 101 shares during the last quarter. Balboa Wealth Partners grew its stake in Cheniere Energy by 9.3% during the third quarter. Balboa Wealth Partners now owns 4,111 shares of the energy company’s stock worth $966,000 after buying an additional 351 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its holdings in shares of Cheniere Energy by 3.9% during the third quarter. Cookson Peirce & Co. Inc. now owns 73,489 shares of the energy company’s stock worth $17,268,000 after buying an additional 2,792 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 1.1%

Shares of NYSE LNG opened at $220.19 on Friday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $246.42. The firm’s 50-day moving average is $200.82 and its 200-day moving average is $217.07. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $47.39 billion, a PE ratio of 12.27 and a beta of 0.27.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s payout ratio is currently 12.37%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNG shares. Weiss Ratings downgraded Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Jefferies Financial Group set a $251.00 target price on Cheniere Energy in a research note on Sunday, January 25th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Finally, Wolfe Research set a $220.00 price target on shares of Cheniere Energy and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.