Riverstone Advisors LLC Has $4.88 Million Stake in Cheniere Energy, Inc. $LNG

Riverstone Advisors LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,745 shares of the energy company’s stock after buying an additional 2,523 shares during the period. Cheniere Energy makes up 2.4% of Riverstone Advisors LLC’s portfolio, making the stock its 11th biggest position. Riverstone Advisors LLC’s holdings in Cheniere Energy were worth $4,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at approximately $25,000. Westside Investment Management Inc. increased its stake in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Cheniere Energy by 250.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in shares of Cheniere Energy during the second quarter worth $34,000. Finally, Armstrong Advisory Group Inc. grew its holdings in shares of Cheniere Energy by 47.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock valued at $36,000 after buying an additional 50 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 1.1%

NYSE LNG opened at $220.19 on Friday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. The stock’s 50 day moving average price is $200.82 and its two-hundred day moving average price is $217.07. The stock has a market capitalization of $47.39 billion, a price-to-earnings ratio of 12.27 and a beta of 0.27.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

Analyst Ratings Changes

Several brokerages recently commented on LNG. Raymond James Financial reaffirmed a “strong-buy” rating and set a $278.00 price objective (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $275.00 price target on shares of Cheniere Energy in a research report on Monday, November 3rd. Scotiabank reiterated an “outperform” rating and set a $266.00 price objective on shares of Cheniere Energy in a report on Friday, January 16th. Bank of America lowered their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Wells Fargo & Company cut their price target on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.24.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.