Norris Perne & French LLP MI Has $36.53 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Norris Perne & French LLP MI lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 203,100 shares of the energy company’s stock after selling 1,784 shares during the period. Cheniere Energy comprises about 2.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 8th biggest holding. Norris Perne & French LLP MI owned 0.09% of Cheniere Energy worth $36,526,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in shares of Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after acquiring an additional 6,235 shares during the period. Sei Investments Co. increased its position in Cheniere Energy by 6.7% in the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after buying an additional 11,800 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Cheniere Energy by 103.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after acquiring an additional 16,044 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Cheniere Energy by 215.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after acquiring an additional 42,737 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Cheniere Energy in the 1st quarter worth $818,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 5.2 %

Shares of NYSE:LNG opened at $191.38 on Friday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $193.16. The business has a 50 day simple moving average of $183.22 and a two-hundred day simple moving average of $173.00. The firm has a market capitalization of $43.30 billion, a PE ratio of 10.20 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93.

Cheniere Energy (NYSE:LNG) last announced its earnings results 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 business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 earnings per share. On average, equities analysts predict that Cheniere Energy, Inc. will post 10.11 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.05%. Cheniere Energy’s payout ratio is 9.28%.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays lifted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $200.00.

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.