Cheniere Energy, Inc. $LNG Stock: Lido Advisors LLC Grows Holdings

Lido Advisors LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,850 shares of the energy company’s stock after buying an additional 9,816 shares during the period. Lido Advisors LLC’s holdings in Cheniere Energy were worth $25,249,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LNG. Keybank National Association OH boosted its stake in Cheniere Energy by 23.1% during the 3rd quarter. Keybank National Association OH now owns 7,270 shares of the energy company’s stock valued at $1,956,000 after purchasing an additional 1,366 shares during the last quarter. Gen Wealth Partners Inc increased its holdings in Cheniere Energy by 15.3% during the 3rd quarter. Gen Wealth Partners Inc now owns 4,089 shares of the energy company’s stock worth $1,100,000 after purchasing an additional 544 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in Cheniere Energy by 4.4% during the 3rd quarter. Gryphon Financial Partners LLC now owns 2,106 shares of the energy company’s stock worth $567,000 after purchasing an additional 89 shares in the last quarter. AlphaCore Capital LLC increased its holdings in Cheniere Energy by 145.1% during the 3rd quarter. AlphaCore Capital LLC now owns 2,662 shares of the energy company’s stock worth $716,000 after purchasing an additional 1,576 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Cheniere Energy in the third quarter worth approximately $519,000. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LNG. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Scotiabank lifted their target price on Cheniere Energy from $311.00 to $327.00 and gave the company a “sector outperform” rating in a research report on Tuesday, November 3rd. Morgan Stanley upped their price target on Cheniere Energy from $310.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. TD Cowen increased their price target on Cheniere Energy from $325.00 to $352.00 and gave the company a “buy” rating in a research report on Tuesday, November 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $336.00 price target on shares of Cheniere Energy in a research report on Saturday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $324.41.

Cheniere Energy Stock Up 3.6%

LNG opened at $303.99 on Thursday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $330.73. The company’s 50-day moving average price is $283.76 and its two-hundred day moving average price is $259.32. The stock has a market cap of $62.08 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.90 and a beta of 0.01. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 1.89.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Monday, November 9th will be given a $0.6250 dividend. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.5550. This represents a $2.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 9th. Cheniere Energy’s dividend payout ratio (DPR) is 17.45%.

Cheniere Energy Company Profile

Cheniere Energy, Inc. is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment. The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.