Pines Wealth Management LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Pines Wealth Management LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,590 shares of the energy company’s stock, valued at approximately $358,000.

A number of other institutional investors have also made changes to their positions in LNG. Carolinas Wealth Consulting LLC boosted its position in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the third quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $53,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 1.1 %

NYSE LNG opened at $245.88 on Thursday. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $248.61. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a 50 day moving average of $216.82 and a 200-day moving average of $194.00. The company has a market cap of $55.17 billion, a PE ratio of 15.70 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.81%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of research reports. Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group upped their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $226.55.

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.