Prosperity Wealth Management Inc. Purchases Shares of 1,846 Cheniere Energy, Inc. (NYSE:LNG)

Prosperity Wealth Management Inc. acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,846 shares of the energy company’s stock, valued at approximately $397,000.

Several other large investors also recently modified their holdings of LNG. Farther Finance Advisors LLC grew its stake in shares of Cheniere Energy by 53.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after purchasing an additional 128 shares during the period. Capital Performance Advisors LLP bought a new stake in Cheniere Energy during the 3rd quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new stake in Cheniere Energy during the 3rd quarter worth approximately $73,000. Entropy Technologies LP grew its position in Cheniere Energy by 29.1% during the 3rd quarter. Entropy Technologies LP now owns 18,668 shares of the energy company’s stock worth $3,357,000 after acquiring an additional 4,212 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Cheniere Energy by 7.4% during the 3rd quarter. Harbour Investments Inc. now owns 1,194 shares of the energy company’s stock worth $215,000 after acquiring an additional 82 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LNG shares. 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 report on Friday, February 21st. The Goldman Sachs Group increased their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Morgan Stanley increased their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.33.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $211.17 on Wednesday. The company has a market capitalization of $47.23 billion, a PE ratio of 14.84 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65. 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’s fifty day simple moving average is $225.11 and its 200 day simple moving average is $206.97.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is presently 14.05%.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

About Cheniere Energy

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.