Beacon Pointe Advisors LLC Has $2.82 Million Stock Position in Cheniere Energy, Inc. $LNG

Beacon Pointe Advisors LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 149.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,558 shares of the energy company's stock after acquiring an additional 6,919 shares during the period. Beacon Pointe Advisors LLC's holdings in Cheniere Energy were worth $2,815,000 at the end of the most recent reporting period.

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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNG. Pinnacle Bancorp Inc. increased its position in shares of Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock valued at $25,000 after purchasing an additional 59 shares during the period. Westside Investment Management Inc. boosted its position in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company's stock valued at $26,000 after buying an additional 90 shares in the last quarter. Hilltop National Bank bought a new stake in Cheniere Energy during the 2nd quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new stake in shares of Cheniere Energy during the second quarter worth $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $34,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LNG shares. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an "outperform" rating and a $268.00 price target for the company. Scotiabank dropped their price objective on shares of Cheniere Energy from $261.00 to $257.00 and set a "sector outperform" rating on the stock in a report on Thursday, November 13th. Erste Group Bank lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday, November 10th. Zacks Research cut Cheniere Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 4th. Finally, Mizuho lifted their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $268.47.

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Check Out Our Latest Research Report on Cheniere Energy

Insider Activity

In other news, Director W Benjamin Moreland purchased 5,000 shares of the company's stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares of the company's stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by company insiders.

Cheniere Energy Price Performance

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Shares of NYSE LNG opened at $208.24 on Friday. The business has a fifty day moving average price of $217.76 and a two-hundred day moving average price of $229.24. The stock has a market capitalization of $44.82 billion, a PE ratio of 11.60, a P/E/G ratio of 5.43 and a beta of 0.26. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a fifty-two week low of $188.70 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, beating the consensus estimate of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company's revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $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 fiscal year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cheniere Energy's previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. Cheniere Energy's dividend payout ratio is 12.37%.

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.

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