Eagle Global Advisors LLC Purchases 21,944 Shares of Cheniere Energy, Inc. $LNG

Eagle Global Advisors LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 326,024 shares of the energy company’s stock after buying an additional 21,944 shares during the quarter. Cheniere Energy comprises about 2.9% of Eagle Global Advisors LLC’s portfolio, making the stock its 7th largest holding. Eagle Global Advisors LLC’s holdings in Cheniere Energy were worth $76,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Altman Advisors Inc. boosted its position in shares of Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock worth $2,409,000 after acquiring an additional 44 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Cheniere Energy by 1.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock worth $768,000 after purchasing an additional 47 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in Cheniere Energy by 0.9% during the third quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock worth $1,265,000 after purchasing an additional 47 shares during the last quarter. Bailard Inc. boosted 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 in the last quarter. Finally, Titleist Asset Management LLC increased its stake in shares of Cheniere Energy by 1.5% in the 2nd quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock valued at $806,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LNG. Wells Fargo & Company dropped their price objective on Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday. BMO Capital Markets reissued an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a research note on Wednesday, December 17th. Bank of America dropped their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Wolfe Research set a $220.00 price target on shares of Cheniere Energy and gave the company an “outperform” rating in a report on Wednesday. Finally, Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.24.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $199.46 on Thursday. The business has a 50 day moving average of $200.33 and a 200-day moving average of $220.72. The company has a market capitalization of $42.93 billion, a P/E ratio of 11.11, a P/E/G ratio of 6.22 and a beta of 0.26. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the company earned $3.93 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were paid a $0.555 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s payout ratio is presently 12.37%.

Insiders Place Their Bets

In related news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost 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. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by insiders.

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.