Everpar Advisors LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Everpar Advisors LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,641 shares of the energy company’s stock, valued at approximately $280,000.

Several other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board raised its holdings in shares of Cheniere Energy by 73.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after buying an additional 631,100 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Cheniere Energy by 702.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock worth $81,421,000 after buying an additional 429,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Cheniere Energy by 35.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after acquiring an additional 367,275 shares during the period. Lord Abbett & CO. LLC raised its stake in Cheniere Energy by 126.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock valued at $107,131,000 after acquiring an additional 360,915 shares in the last quarter. Finally, Laurion Capital Management LP boosted its position in Cheniere Energy by 107.2% during the 3rd quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock worth $3,321,000 after acquiring an additional 296,687 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday. TD Cowen reduced their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Redburn Atlantic began coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target for the company. Finally, Barclays upped their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.40.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded up $0.90 during mid-day trading on Wednesday, hitting $157.21. The stock had a trading volume of 1,240,389 shares, compared to its average volume of 1,941,108. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $36.26 billion, a P/E ratio of 7.66 and a beta of 0.95. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The firm’s 50 day simple moving average is $157.93.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. The firm’s quarterly revenue was down 41.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.89 EPS. On average, equities research analysts predict that Cheniere Energy, Inc. will post 8.4 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 annualized dividend and a yield of 1.11%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

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.