GSA Capital Partners LLP Acquires Shares of 4,732 Cheniere Energy, Inc. (NYSE:LNG)

GSA Capital Partners LLP bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,732 shares of the energy company’s stock, valued at approximately $851,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Crewe Advisors LLC acquired a new stake in Cheniere Energy during the first quarter worth approximately $26,000. MCF Advisors LLC acquired a new stake in Cheniere Energy during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new stake in Cheniere Energy in the 2nd quarter valued at $27,000. Carolinas Wealth Consulting LLC grew its holdings in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth $27,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.7 %

LNG opened at $212.30 on Friday. The company’s 50 day moving average is $187.64 and its 200-day moving average is $176.41. The company has a market cap of $47.63 billion, a P/E ratio of 13.56 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $217.95. 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 (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.94%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Analyst Ratings Changes

LNG has been the topic of a number of recent research reports. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. TD Cowen raised their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, UBS Group increased their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $208.44.

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.