Riverstone Advisors LLC Purchases 1,314 Shares of Cheniere Energy, Inc. $LNG

Riverstone Advisors LLC raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.8% during the second quarter, HoldingsChannel reports. The firm owned 18,222 shares of the energy company’s stock after purchasing an additional 1,314 shares during the period. Cheniere Energy makes up approximately 2.4% of Riverstone Advisors LLC’s holdings, making the stock its 11th biggest holding. Riverstone Advisors LLC’s holdings in Cheniere Energy were worth $4,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Altman Advisors Inc. raised its holdings in shares of Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after buying an additional 44 shares in the last quarter. Hemington Wealth Management boosted its stake in Cheniere Energy by 14.0% in the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock worth $90,000 after buying an additional 48 shares in the last quarter. Brooklyn Investment Group grew its position in Cheniere Energy by 5.0% during the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock valued at $233,000 after acquiring an additional 48 shares during the last quarter. Bailard Inc. raised its stake in shares of Cheniere Energy by 0.7% during the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after acquiring an additional 49 shares in the last quarter. Finally, Fielder Capital Group LLC raised its stake in shares of Cheniere Energy by 1.8% during the second quarter. Fielder Capital Group LLC now owns 2,964 shares of the energy company’s stock worth $722,000 after acquiring an additional 51 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

LNG stock opened at $205.40 on Friday. The stock has a market capitalization of $44.21 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 6.08 and a beta of 0.36. The firm’s 50-day moving average price is $222.59 and its two-hundred day moving average price is $230.94. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last posted 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. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. Cheniere Energy’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.93 earnings per share. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s payout ratio is presently 12.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LNG shares. TD Cowen upped their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Jefferies Financial Group set a $290.00 price target on shares of Cheniere Energy in a research report on Thursday, October 30th. Scotiabank decreased their price objective on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $268.47.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the purchase, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. The trade was a 102.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.