Kathmere Capital Management LLC Takes $245,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Kathmere Capital Management LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,141 shares of the energy company’s stock, valued at approximately $245,000.

A number of other large investors have also added to or reduced their stakes in the business. Carolinas Wealth Consulting LLC grew its holdings in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the third quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy in the third quarter worth $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Cheniere Energy in the second quarter valued at $30,000. Finally, ORG Wealth Partners LLC bought a new position in Cheniere Energy during the 3rd quarter worth $53,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 3.2 %

LNG stock opened at $253.76 on Friday. The stock’s 50 day simple moving average is $217.79 and its 200 day simple moving average is $194.37. The company has a market cap of $56.94 billion, a P/E ratio of 16.20 and a beta of 0.99. 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 $254.20.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 earnings per share. On average, research analysts expect that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of analyst reports. TD Cowen upped their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Scotiabank initiated coverage on shares of Cheniere Energy in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $231.18.

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.