Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 21.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 43,598 shares of the energy company’s stock after acquiring an additional 7,609 shares during the period. Commonwealth Equity Services LLC’s holdings in Cheniere Energy were worth $9,368,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares during the period. WR Wealth Planners LLC increased its stake in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the fourth quarter valued at $29,000. Adirondack Trust Co. acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $43,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Cheniere Energy during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.5 %

NYSE:LNG opened at $227.29 on Thursday. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The stock has a market cap of $50.84 billion, a P/E ratio of 15.97 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a 50-day simple moving average of $224.88 and a 200-day simple moving average of $208.31.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.44 billion. As a group, analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LNG shares. TD Cowen boosted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Mizuho upped their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group reiterated a “buy” rating and issued a $277.00 target price on shares of Cheniere Energy in a report on Tuesday. Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley boosted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.79.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

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.