Exchange Capital Management Inc. Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Exchange Capital Management Inc. grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 18,588 shares of the energy company’s stock after buying an additional 62 shares during the quarter. Exchange Capital Management Inc.’s holdings in Cheniere Energy were worth $3,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Cheniere Energy during the third quarter valued at about $28,000. Adirondack Trust Co. bought a new position in shares of Cheniere Energy in the fourth quarter worth about $43,000. City Holding Co. purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $50,000. Finally, Farther Finance Advisors LLC raised its stake in Cheniere Energy by 53.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after acquiring an additional 128 shares during the period. 87.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LNG. Stifel Nicolaus increased their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays increased their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group upped their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.75.

Cheniere Energy Stock Performance

NYSE LNG opened at $219.70 on Tuesday. 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 fifty-two week low of $152.31 and a fifty-two week high of $257.65. The stock has a 50-day simple moving average of $223.26 and a two-hundred day simple moving average of $204.26. The firm has a market capitalization of $49.29 billion, a P/E ratio of 15.44 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

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.