Strategic Wealth Partners Ltd. Acquires 532 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Strategic Wealth Partners Ltd. increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,978 shares of the energy company’s stock after purchasing an additional 532 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Cheniere Energy were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brookstone Capital Management increased its position in Cheniere Energy by 13.4% during the fourth quarter. Brookstone Capital Management now owns 1,875 shares of the energy company’s stock valued at $403,000 after acquiring an additional 221 shares during the last quarter. Park Avenue Securities LLC increased its position in Cheniere Energy by 35.9% during the fourth quarter. Park Avenue Securities LLC now owns 5,206 shares of the energy company’s stock valued at $1,119,000 after acquiring an additional 1,374 shares during the last quarter. Merit Financial Group LLC increased its position in Cheniere Energy by 45.6% during the fourth quarter. Merit Financial Group LLC now owns 3,644 shares of the energy company’s stock valued at $783,000 after acquiring an additional 1,142 shares during the last quarter. Arkadios Wealth Advisors increased its position in Cheniere Energy by 82.3% during the fourth quarter. Arkadios Wealth Advisors now owns 2,660 shares of the energy company’s stock valued at $572,000 after acquiring an additional 1,201 shares during the last quarter. Finally, Premier Path Wealth Partners LLC increased its position in Cheniere Energy by 5.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after acquiring an additional 61 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. TD Cowen upped their price target on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Mizuho upped their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Stifel Nicolaus reduced their price target on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America upped their price target on Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.23.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 33,934 shares in the company, 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 can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $234.83 on Monday. The stock has a 50 day moving average of $226.57 and a 200 day moving average of $221.96. Cheniere Energy, Inc. has a 12 month low of $153.03 and a 12 month high of $257.65. The firm has a market cap of $52.08 billion, a PE ratio of 16.50 and a beta of 0.41. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Cheniere Energy’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. On average, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Cheniere Energy’s payout ratio is 14.63%.

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.