Crescent Grove Advisors LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Crescent Grove Advisors LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,259 shares of the energy company’s stock, valued at approximately $271,000.

Other hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at $2,127,000. Insight Wealth Strategies LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at $4,455,000. Covea Finance increased its position in shares of Cheniere Energy by 18.8% in the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after buying an additional 19,200 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at $245,000. Finally, Continuum Advisory LLC increased its position in shares of Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock valued at $2,323,000 after buying an additional 3,828 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent research reports. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

Cheniere Energy Stock Down 1.1 %

Shares of NYSE:LNG opened at $231.73 on Monday. The stock’s 50-day moving average price is $222.57 and its two-hundred day moving average price is $197.77. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The firm has a market cap of $51.99 billion, a price-to-earnings ratio of 14.80 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 EPS. On average, research analysts forecast that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.