Accordant Advisory Group Inc Acquires 3,611 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Accordant Advisory Group Inc lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 34.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,015 shares of the energy company’s stock after acquiring an additional 3,611 shares during the quarter. Cheniere Energy accounts for about 2.9% of Accordant Advisory Group Inc’s holdings, making the stock its 10th biggest position. Accordant Advisory Group Inc’s holdings in Cheniere Energy were worth $3,011,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Creative Planning purchased a new stake in Cheniere Energy in the 2nd quarter valued at approximately $276,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cheniere Energy by 26.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company’s stock worth $1,216,000 after purchasing an additional 1,453 shares during the period. Quarry LP lifted its stake in shares of Cheniere Energy by 10.2% during the 2nd quarter. Quarry LP now owns 982 shares of the energy company’s stock worth $172,000 after purchasing an additional 91 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Cheniere Energy by 23.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,945 shares of the energy company’s stock worth $341,000 after purchasing an additional 1,336 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of Cheniere Energy by 6.9% during the 2nd quarter. Truist Financial Corp now owns 19,487 shares of the energy company’s stock worth $957,000 after purchasing an additional 1,255 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $226.43 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The company’s 50-day simple moving average is $222.75 and its 200-day simple moving average is $198.27. The stock has a market capitalization of $50.80 billion, a price-to-earnings ratio of 14.46 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.76 billion. During the same quarter last year, the company posted $2.37 earnings per share. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LNG. Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Scotiabank upped 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. Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $232.36.

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.