Stratos Investment Management LLC Buys 1,251 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Stratos Investment Management LLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,635 shares of the energy company’s stock after acquiring an additional 1,251 shares during the quarter. Stratos Investment Management LLC’s holdings in Cheniere Energy were worth $4,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LNG. MCF Advisors LLC purchased a new stake in Cheniere Energy during the 2nd quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy in the 3rd quarter worth approximately $27,000. Lynx Investment Advisory bought a new position in Cheniere Energy in the 2nd quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC boosted its stake in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of Cheniere Energy in the 1st quarter worth $26,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America began coverage on Cheniere Energy in a report on Thursday. They set a “buy” rating and a $215.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada boosted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $182.12 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $193.16. The company has a market cap of $41.69 billion, a PE ratio of 8.87 and a beta of 0.94. The business has a 50-day simple moving average of $183.11 and a two-hundred day simple moving average of $171.32.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. As a group, equities analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. The ex-dividend date was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a yield of 1.70%. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.

Cheniere Energy 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.