Raymond James Financial Services Advisors Inc. Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Raymond James Financial Services Advisors Inc. lifted its holdings in Cheniere Energy, Inc. (NYSE:LNGFree Report) by 12.5% in the 4th quarter, Holdings Channel reports. The firm owned 103,556 shares of the energy company’s stock after acquiring an additional 11,470 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Cheniere Energy were worth $17,678,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Capital World Investors bought a new stake in Cheniere Energy during the first quarter valued at about $391,652,000. Norges Bank bought a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $261,515,000. State Street Corp lifted its stake in shares of Cheniere Energy by 13.6% in the 1st quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock valued at $961,421,000 after purchasing an additional 830,898 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Cheniere Energy by 73.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after purchasing an additional 631,100 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Cheniere Energy by 19.4% during the 4th quarter. Morgan Stanley now owns 3,542,925 shares of the energy company’s stock worth $531,297,000 after acquiring an additional 576,067 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays raised their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. TD Cowen reduced their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Mizuho raised their price objective on Cheniere Energy from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and an average price target of $197.10.

Get Our Latest Report on LNG

Cheniere Energy Trading Up 0.1 %

Shares of NYSE:LNG opened at $161.28 on Friday. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The firm has a fifty day moving average of $162.31. The stock has a market cap of $37.85 billion, a P/E ratio of 3.98, a PEG ratio of 0.70 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNGGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the business posted $15.78 EPS. The business’s revenue was down 46.9% compared to the same quarter last year. Research analysts predict that Cheniere Energy, Inc. will post 8.98 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were issued a $0.435 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. Cheniere Energy’s dividend payout ratio is presently 4.30%.

Cheniere Energy Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNGFree Report).

Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.