Cheniere Energy, Inc. $LNG Shares Newly Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, HoldingsChannel.com reports. The firm bought 11,405 shares of the energy company’s stock, valued at approximately $3,068,000.

Several other institutional investors also recently modified their holdings of LNG. Bank of New York Mellon Corp increased its stake in shares of Cheniere Energy by 174.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after acquiring an additional 1,426,058 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after acquiring an additional 1,656,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Cheniere Energy by 12.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after acquiring an additional 239,680 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Cheniere Energy by 50.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock worth $246,161,000 after acquiring an additional 289,963 shares during the last quarter. Finally, Chickasaw Capital Management LLC boosted its stake in Cheniere Energy by 4.4% during the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after acquiring an additional 37,325 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.6%

Shares of Cheniere Energy stock opened at $278.00 on Friday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $330.73. The business has a 50-day moving average of $283.48 and a two-hundred day moving average of $258.02. The company has a market capitalization of $56.77 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 0.85 and a beta of 0.01. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 26.73% and a net margin of 13.08%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the prior year, the business earned $7.30 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities analysts predict that Cheniere Energy, Inc. will post 21.74 EPS for the current year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be paid a dividend of $0.6250 per share. This represents a $2.50 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 9th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.5550. Cheniere Energy’s dividend payout ratio (DPR) is currently 15.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LNG. Weiss Ratings upgraded shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Cheniere Energy from $334.00 to $344.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Morgan Stanley increased their target price on shares of Cheniere Energy from $310.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, Argus set a $330.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $324.41.

About Cheniere Energy

Cheniere Energy, Inc is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment.

The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.

Founded in 1996, Cheniere initially developed LNG import infrastructure before shifting its focus to U.S.