Miller Howard Investments Inc. NY Buys 2,900 Shares of Cheniere Energy, Inc. $LNG

Miller Howard Investments Inc. NY increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,532 shares of the energy company’s stock after purchasing an additional 2,900 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.08% of Cheniere Energy worth $43,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Altman Advisors Inc. raised its stake in Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after buying an additional 44 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Cheniere Energy by 1.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock worth $768,000 after buying an additional 47 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in shares of Cheniere Energy by 0.9% in the third quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock worth $1,265,000 after acquiring an additional 47 shares during the period. Bailard Inc. increased its position in Cheniere Energy by 0.7% during the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock valued at $1,623,000 after acquiring an additional 49 shares during the last quarter. Finally, Titleist Asset Management LLC lifted its holdings in Cheniere Energy by 1.5% in the second quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock valued at $806,000 after acquiring an additional 50 shares during the period. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the purchase, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research reports. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research note on Thursday, October 30th. Scotiabank reduced their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a report on Thursday, November 13th. Raymond James Financial reiterated a “strong-buy” rating and issued a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Bank of America decreased their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $267.53.

Cheniere Energy Stock Performance

LNG opened at $194.18 on Friday. The firm has a market cap of $41.79 billion, a P/E ratio of 10.82, a PEG ratio of 6.24 and a beta of 0.26. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $257.65. The company has a 50 day simple moving average of $201.04 and a two-hundred day simple moving average of $221.64. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81.

Cheniere Energy (NYSE:LNG) 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. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the firm earned $3.93 EPS. The company’s revenue was up 18.0% on a year-over-year basis. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

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

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.