Emerald Mutual Fund Advisers Trust Has $305,000 Stock Position in Cheniere Energy, Inc. $LNG

Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,252 shares of the energy company’s stock after buying an additional 57 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Cheniere Energy were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at about $335,000. GAMMA Investing LLC increased its position in Cheniere Energy by 9.5% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company’s stock worth $342,000 after purchasing an additional 128 shares during the last quarter. Amalgamated Bank increased its holdings in Cheniere Energy by 3.5% in the first quarter. Amalgamated Bank now owns 13,875 shares of the energy company’s stock worth $3,211,000 after buying an additional 471 shares during the last quarter. Cidel Asset Management Inc. acquired a new position in Cheniere Energy in the first quarter worth approximately $205,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Cheniere Energy by 7.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock worth $5,439,000 after purchasing an additional 1,630 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a report on Thursday. Mizuho increased their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $267.80.

Cheniere Energy Trading Up 0.1%

Shares of Cheniere Energy stock opened at $211.36 on Friday. The company’s fifty day simple moving average is $231.53 and its 200-day simple moving average is $233.22. The company has a market cap of $46.45 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 6.08 and a beta of 0.37. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 1 year low of $182.28 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 30th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $2.00. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the business posted $3.93 EPS. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is 11.68%.

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.