Prospera Private Wealth LLC Buys Shares of 23,170 Cheniere Energy, Inc. (NYSE:LNG)

Prospera Private Wealth LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,170 shares of the energy company’s stock, valued at approximately $4,167,000.

A number of other institutional investors have also recently made changes to their positions in LNG. MCF Advisors LLC bought a new position in Cheniere Energy in the second quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $27,000. Carolinas Wealth Consulting LLC raised its holdings in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Cheniere Energy in the third quarter worth approximately $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 2.5 %

LNG opened at $220.18 on Wednesday. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $220.30. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business has a 50 day simple moving average of $189.22 and a two-hundred day simple moving average of $177.50. The firm has a market capitalization of $49.40 billion, a price-to-earnings ratio of 14.06 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the business earned $2.37 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Analysts predict that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Wall Street Analyst Weigh In

Several research analysts have commented on LNG shares. Royal Bank of Canada lifted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen raised their price objective on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.44.

About Cheniere Energy

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.