Charles Schwab Investment Management Inc. Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Charles Schwab Investment Management Inc. grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 940,200 shares of the energy company’s stock after acquiring an additional 15,675 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cheniere Energy were worth $169,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC purchased a new position in Cheniere Energy in the second quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cheniere Energy during the 3rd quarter worth $27,000. Lynx Investment Advisory purchased a new stake in Cheniere Energy in the second quarter valued at $27,000. Carolinas Wealth Consulting LLC boosted its stake in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy during the third quarter worth about $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.1 %

Shares of NYSE:LNG opened at $222.60 on Monday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm’s 50-day simple moving average is $191.92 and its 200-day simple moving average is $178.90. The company has a market cap of $49.94 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company earned $2.37 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. TD Cowen lifted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Bank of America initiated coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of 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, Barclays increased their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.44.

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.