WBI Investments LLC Takes $841,000 Position in Cheniere Energy, Inc. $LNG

WBI Investments LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,453 shares of the energy company’s stock, valued at approximately $841,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNG. Pinnacle Bancorp Inc. lifted its stake in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. Hilltop National Bank bought a new position in Cheniere Energy in the second quarter valued at $28,000. Richardson Financial Services Inc. bought a new position in shares of Cheniere Energy in the 2nd quarter valued at about $30,000. Finally, WPG Advisers LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at about $38,000. 87.26% of the stock is owned by institutional investors.

Insider Transactions at Cheniere Energy

In other news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were purchased 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.26% of the stock is owned by company insiders.

Cheniere Energy Stock Down 0.9%

LNG stock opened at $213.28 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $188.70 and a 1-year high of $257.65. The business’s 50 day simple moving average is $224.31 and its 200 day simple moving average is $231.46. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $45.91 billion, a PE ratio of 12.45, a PEG ratio of 6.08 and a beta of 0.36.

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

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is 12.37%.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a research note on Monday, November 3rd. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $268.47.

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.