Cheniere Energy, Inc. (NYSE:LNG) is Kayne Anderson Capital Advisors LP’s 7th Largest Position

Kayne Anderson Capital Advisors LP boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,326,658 shares of the energy company’s stock after purchasing an additional 68,766 shares during the period. Cheniere Energy comprises about 6.1% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 7th biggest position. Kayne Anderson Capital Advisors LP owned approximately 0.59% of Cheniere Energy worth $238,586,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LNG. Thrivent Financial for Lutherans boosted its position in shares of Cheniere Energy by 89.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company’s stock worth $1,069,000 after purchasing an additional 2,808 shares during the period. Chesapeake Capital Corp IL lifted its stake in shares of Cheniere Energy by 129.8% during the 3rd quarter. Chesapeake Capital Corp IL now owns 3,274 shares of the energy company’s stock valued at $589,000 after buying an additional 1,849 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Cheniere Energy by 134.7% in the 3rd quarter. Natixis Advisors LLC now owns 67,907 shares of the energy company’s stock worth $12,212,000 after buying an additional 38,976 shares during the period. Empowered Funds LLC increased its stake in Cheniere Energy by 31.7% in the 3rd quarter. Empowered Funds LLC now owns 25,727 shares of the energy company’s stock worth $4,627,000 after buying an additional 6,191 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Cheniere Energy by 3.1% during the third quarter. CIBC Asset Management Inc now owns 15,497 shares of the energy company’s stock worth $2,787,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $212.30 on Monday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $217.95. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market capitalization of $47.63 billion, a P/E ratio of 13.56 and a beta of 0.94. The company’s 50-day moving average is $187.64 and its 200 day moving average is $176.68.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.37 earnings per share. Research analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $208.44.

Cheniere Energy Company 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.