United Asset Strategies Inc. Purchases New Position in Cheniere Energy, Inc. (NYSE:LNG)

United Asset Strategies Inc. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,537 shares of the energy company’s stock, valued at approximately $5,702,000.

Other large investors have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $2,127,000. Insight Wealth Strategies LLC bought a new stake in Cheniere Energy during the 4th quarter worth about $4,455,000. Covea Finance increased its position in Cheniere Energy by 18.8% in the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after acquiring an additional 19,200 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth about $245,000. Finally, Continuum Advisory LLC lifted its position in shares of Cheniere Energy by 42.1% during the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Shares of LNG opened at $231.73 on Monday. The stock has a market cap of $51.99 billion, a P/E ratio of 14.80 and a beta of 0.99. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The stock’s 50-day moving average price is $222.57 and its two-hundred day moving average price is $197.77. 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 (NYSE:LNG) last released 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. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.37 EPS. On average, equities analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio is 12.77%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Scotiabank boosted their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $231.64.

Cheniere Energy 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.