Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,793,989 shares of the energy company’s stock after acquiring an additional 178,318 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.80% of Cheniere Energy worth $322,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LNG. MCF Advisors LLC purchased a new position in shares of Cheniere Energy during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy during the second quarter worth $27,000. Carolinas Wealth Consulting LLC raised its holdings in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy in the third quarter valued at $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the third quarter valued at $28,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays upped their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Bank of America initiated coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus reduced their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.89.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $224.10 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $225.44. The company has a market cap of $50.28 billion, a price-to-earnings ratio of 14.31 and a beta of 0.94. The stock’s 50-day moving average is $195.95 and its 200-day moving average is $180.84.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company posted $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.89%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Cheniere Energy 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.