Balboa Wealth Partners Buys 181 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Balboa Wealth Partners increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,595 shares of the energy company’s stock after buying an additional 181 shares during the quarter. Balboa Wealth Partners’ holdings in Cheniere Energy were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Cheniere Energy in the fourth quarter worth $4,966,000. Erste Asset Management GmbH grew its stake in Cheniere Energy by 21.9% during the fourth quarter. Erste Asset Management GmbH now owns 113,503 shares of the energy company’s stock worth $24,388,000 after buying an additional 20,380 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in Cheniere Energy by 136.3% in the 4th quarter. Achmea Investment Management B.V. now owns 22,535 shares of the energy company’s stock valued at $4,842,000 after buying an additional 12,998 shares during the period. Kayne Anderson Capital Advisors LP increased its holdings in Cheniere Energy by 4.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,389,026 shares of the energy company’s stock valued at $298,460,000 after buying an additional 62,368 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Cheniere Energy by 60.1% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the energy company’s stock valued at $126,000 after buying an additional 221 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In other 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 value of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LNG shares. Wells Fargo & Company increased their price target 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. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus boosted their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Finally, Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.33.

Cheniere Energy Stock Performance

NYSE:LNG opened at $215.39 on Thursday. The stock’s 50-day moving average is $225.12 and its 200-day moving average is $207.02. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year 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 has a market cap of $48.17 billion, a P/E ratio of 15.14 and a beta of 0.94.

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

Cheniere Energy Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Cheniere Energy’s payout ratio is 14.05%.

Cheniere Energy 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.