Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.0% during the third quarter, HoldingsChannel reports. The firm owned 1,793,989 shares of the energy company’s stock after purchasing an additional 178,318 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cheniere Energy were worth $322,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Trust Co lifted its holdings in Cheniere Energy by 18.4% in the 3rd quarter. Fiduciary Trust Co now owns 11,246 shares of the energy company’s stock worth $2,022,000 after buying an additional 1,751 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Cheniere Energy in the third quarter worth about $405,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Cheniere Energy by 87.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,200 shares of the energy company’s stock worth $3,093,000 after acquiring an additional 8,000 shares in the last quarter. Townsquare Capital LLC boosted its holdings in Cheniere Energy by 27.9% in the third quarter. Townsquare Capital LLC now owns 3,805 shares of the energy company’s stock valued at $684,000 after purchasing an additional 829 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Cheniere Energy during the 3rd quarter valued at approximately $169,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen raised their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus cut their target price 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. Bank of America assumed coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Finally, UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.89.

Cheniere Energy Trading Up 1.1 %

Shares of NYSE LNG opened at $224.10 on Friday. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $225.44. The company has a market cap of $50.28 billion, a price-to-earnings ratio of 14.31 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock’s 50 day simple moving average is $195.95 and its 200 day simple moving average is $180.84.

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

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

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.