Argent Capital Management LLC Buys 362 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Argent Capital Management LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,942 shares of the energy company’s stock after acquiring an additional 362 shares during the period. Argent Capital Management LLC’s holdings in Cheniere Energy were worth $2,507,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LNG. International Assets Investment Management LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $285,800,000. Lake Street Private Wealth LLC lifted its position in Cheniere Energy by 2.3% during the third quarter. Lake Street Private Wealth LLC now owns 20,615 shares of the energy company’s stock valued at $3,707,000 after acquiring an additional 459 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Cheniere Energy by 8.3% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 532,185 shares of the energy company’s stock valued at $95,708,000 after acquiring an additional 41,005 shares in the last quarter. Graybill Wealth Management LTD. grew its holdings in Cheniere Energy by 0.3% in the third quarter. Graybill Wealth Management LTD. now owns 28,502 shares of the energy company’s stock worth $5,126,000 after purchasing an additional 90 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in Cheniere Energy by 11.3% in the third quarter. Foundations Investment Advisors LLC now owns 58,411 shares of the energy company’s stock worth $10,505,000 after purchasing an additional 5,930 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays increased their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus dropped 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, Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Cheniere Energy Stock Performance

NYSE LNG traded up $4.22 on Thursday, hitting $187.08. 561,396 shares of the company’s stock traded hands, compared to its average volume of 1,747,635. The firm has a market capitalization of $42.82 billion, a PE ratio of 8.91 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $193.16. The firm’s 50-day moving average price is $183.05 and its two-hundred day moving average price is $171.95. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. As a group, analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 1.66%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

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.