Premier Path Wealth Partners LLC Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Premier Path Wealth Partners LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,191 shares of the energy company’s stock after acquiring an additional 61 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Cheniere Energy were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of LNG. Bank of New York Mellon Corp acquired a new position in Cheniere Energy during the 2nd quarter worth approximately $441,000. XTX Topco Ltd purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth $210,000. AE Wealth Management LLC purchased a new position in Cheniere Energy in the second quarter valued at $490,000. Summit Trail Advisors LLC purchased a new position in Cheniere Energy in the second quarter valued at $300,000. Finally, Westwood Holdings Group Inc. raised its stake in Cheniere Energy by 25.3% in the second quarter. Westwood Holdings Group Inc. now owns 12,365 shares of the energy company’s stock valued at $607,000 after buying an additional 2,493 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LNG. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Stifel Nicolaus upped their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank started coverage on shares of Cheniere Energy in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 price objective for the company. Finally, Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $231.18.

Cheniere Energy Trading Down 0.4 %

Shares of Cheniere Energy stock opened at $252.70 on Monday. The company has a 50-day moving average of $219.76 and a two-hundred day moving average of $195.63. The stock has a market cap of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for 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%. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.37 earnings per share. On average, research analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.79%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

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.