Aaron Wealth Advisors LLC Purchases 108 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Aaron Wealth Advisors LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,063 shares of the energy company’s stock after acquiring an additional 108 shares during the period. Aaron Wealth Advisors LLC’s holdings in Cheniere Energy were worth $477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company’s stock worth $1,220,858,000 after purchasing an additional 243,418 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 10.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock worth $886,664,000 after buying an additional 379,142 shares in the last quarter. Invesco Ltd. boosted its stake in Cheniere Energy by 16.1% in the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock worth $695,599,000 after buying an additional 450,031 shares in the last quarter. Norges Bank purchased a new stake in Cheniere Energy in the fourth quarter worth approximately $629,197,000. Finally, Amundi boosted its stake in Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after buying an additional 448,189 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

NYSE LNG opened at $240.03 on Thursday. The company has a market cap of $53.24 billion, a P/E ratio of 17.56 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The business’s 50 day moving average price is $235.40 and its 200-day moving average price is $226.82. Cheniere Energy, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business 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 18.37% and a return on equity of 32.62%. The business’s revenue was up 28.0% compared to the same quarter last year. During the same period last year, the company earned $2.13 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, August 8th. Cheniere Energy’s payout ratio is 14.63%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LNG. Wolfe Research lowered Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Wall Street Zen lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Argus initiated coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target for the company. Stifel Nicolaus decreased their price objective on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price target on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $258.36.

Insider Activity

In related news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.

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.