Arvest Investments Inc. Acquires New Holdings in Cheniere Energy, Inc. $LNG

Arvest Investments Inc. bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,212 shares of the energy company’s stock, valued at approximately $990,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of Cheniere Energy by 718.1% in the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after acquiring an additional 1,465 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Cheniere Energy by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after purchasing an additional 1,273 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Cheniere Energy by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock valued at $26,360,000 after purchasing an additional 4,083 shares during the period. Baird Financial Group Inc. raised its stake in shares of Cheniere Energy by 9.5% in the 2nd quarter. Baird Financial Group Inc. now owns 97,267 shares of the energy company’s stock worth $23,686,000 after buying an additional 8,449 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Cheniere Energy by 10.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 420,068 shares of the energy company’s stock worth $102,295,000 after buying an additional 39,467 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LNG. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $254.00 price target on shares of Cheniere Energy in a report on Wednesday. Mizuho lifted their target price on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Jefferies Financial Group set a $290.00 target price on shares of Cheniere Energy in a research report on Thursday, October 30th. Finally, Scotiabank cut their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $267.53.

Cheniere Energy Trading Down 0.1%

NYSE:LNG opened at $189.69 on Monday. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $257.65. The company’s 50 day moving average is $208.94 and its 200-day moving average is $226.00. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm has a market cap of $40.83 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 4.65 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the business earned $3.93 EPS. The business’s revenue was up 18.0% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This represents a 102.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is owned by company insiders.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.