Wedbush Securities Inc. Buys 444 Shares of Cheniere Energy, Inc. $LNG

Wedbush Securities Inc. raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 10.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,805 shares of the energy company’s stock after buying an additional 444 shares during the quarter. Wedbush Securities Inc.’s holdings in Cheniere Energy were worth $1,170,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. North Capital Inc. boosted its stake in Cheniere Energy by 1,666.7% in the 2nd quarter. North Capital Inc. now owns 212 shares of the energy company’s stock worth $52,000 after purchasing an additional 200 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new position in Cheniere Energy in the second quarter worth about $72,354,000. Savant Capital LLC lifted its stake in shares of Cheniere Energy by 8.7% in the second quarter. Savant Capital LLC now owns 18,095 shares of the energy company’s stock worth $4,407,000 after buying an additional 1,453 shares in the last quarter. Texas Yale Capital Corp. grew its holdings in shares of Cheniere Energy by 0.6% during the second quarter. Texas Yale Capital Corp. now owns 28,868 shares of the energy company’s stock valued at $7,030,000 after buying an additional 170 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in shares of Cheniere Energy by 4.2% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,557,360 shares of the energy company’s stock valued at $379,248,000 after buying an additional 62,459 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a report on Thursday, October 30th. BMO Capital Markets initiated coverage on Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target for the company. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Barclays reaffirmed an “overweight” rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $268.73.

Insider Transactions at Cheniere Energy

In related news, Director W Benjamin Moreland acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, the director directly owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Trading Down 0.1%

Shares of Cheniere Energy stock opened at $207.83 on Monday. The company’s fifty day simple moving average is $227.67 and its 200-day simple moving average is $232.48. Cheniere Energy, Inc. has a 1-year low of $188.70 and a 1-year high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $44.73 billion, a PE ratio of 12.13, a P/E/G ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the firm earned $3.93 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, November 7th. Cheniere Energy’s dividend payout ratio is currently 12.37%.

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.