ING Groep NV Has $17.84 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

ING Groep NV boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,200 shares of the energy company’s stock after purchasing an additional 23,900 shares during the period. ING Groep NV’s holdings in Cheniere Energy were worth $17,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Metis Global Partners LLC boosted its position in Cheniere Energy by 18.9% during the third quarter. Metis Global Partners LLC now owns 19,484 shares of the energy company’s stock valued at $3,504,000 after purchasing an additional 3,101 shares during the last quarter. KBC Group NV boosted its holdings in Cheniere Energy by 0.8% in the third quarter. KBC Group NV now owns 69,900 shares of the energy company’s stock worth $12,571,000 after purchasing an additional 560 shares in the last quarter. Hourglass Capital LLC boosted its stake in shares of Cheniere Energy by 2.8% during the 3rd quarter. Hourglass Capital LLC now owns 10,890 shares of the energy company’s stock worth $1,958,000 after acquiring an additional 300 shares in the last quarter. Huntington National Bank lifted its holdings in Cheniere Energy by 2.6% in the 3rd quarter. Huntington National Bank now owns 3,571 shares of the energy company’s stock worth $642,000 after purchasing an additional 89 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Cheniere Energy during the third quarter valued at approximately $386,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on LNG shares. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen boosted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus reduced their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Finally, Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.89.

Cheniere Energy Price Performance

Shares of LNG stock opened at $210.61 on Friday. The firm’s 50 day moving average price is $186.42 and its two-hundred day moving average price is $175.82. The stock has a market cap of $47.25 billion, a PE ratio of 13.45 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $217.95.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the company earned $2.37 EPS. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s payout ratio is presently 12.77%.

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.