ING Groep NV Has $17.84 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

ING Groep NV increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,200 shares of the energy company’s stock after acquiring an additional 23,900 shares during the period. ING Groep NV’s holdings in Cheniere Energy were worth $17,840,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LNG. Crewe Advisors LLC acquired a new position in shares of Cheniere Energy during the 1st quarter worth approximately $26,000. MCF Advisors LLC acquired a new stake in Cheniere Energy during the second quarter worth approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy during the second quarter worth approximately $27,000. Carolinas Wealth Consulting LLC grew its position in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the third quarter worth approximately $27,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Barclays increased their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. TD Cowen raised their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $210.61 on Friday. The company has a market capitalization of $47.25 billion, a PE ratio of 13.45 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $217.95. The firm has a fifty day simple moving average of $186.42 and a 200 day simple moving average of $175.82.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data 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. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $2.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

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.