Coldstream Capital Management Inc. Buys 720 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Coldstream Capital Management Inc. increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,423 shares of the energy company’s stock after purchasing an additional 720 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Cheniere Energy were worth $452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Octavia Wealth Advisors LLC boosted its position in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after buying an additional 54 shares during the last quarter. MAI Capital Management lifted its stake in shares of Cheniere Energy by 1.5% during the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after acquiring an additional 62 shares during the period. Sapient Capital LLC boosted its holdings in Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after acquiring an additional 67 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after purchasing an additional 68 shares during the period. Finally, Quarry LP increased its position in Cheniere Energy by 7.6% in the third quarter. Quarry LP now owns 1,057 shares of the energy company’s stock worth $190,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $213.06 on Friday. The stock’s fifty day simple moving average is $203.27 and its 200 day simple moving average is $185.26. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $47.80 billion, a PE ratio of 13.61 and a beta of 0.97. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

Several research analysts have recently issued reports on LNG shares. TD Cowen raised their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $216.56.

About Cheniere Energy

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.