Cary Street Partners Financial LLC Makes New $181,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Cary Street Partners Financial LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 840 shares of the energy company’s stock, valued at approximately $181,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LNG. Norges Bank acquired a new position in Cheniere Energy during the 4th quarter valued at about $629,197,000. Ninety One UK Ltd grew its stake in shares of Cheniere Energy by 1,400.7% during the fourth quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after acquiring an additional 1,409,116 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after acquiring an additional 631,787 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $130,772,000. Finally, Proficio Capital Partners LLC raised its position in shares of Cheniere Energy by 18,281.6% in the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company’s stock valued at $123,743,000 after purchasing an additional 572,764 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNG. Scotiabank decreased their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 29th. Mizuho raised their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Argus initiated coverage on Cheniere Energy in a research note on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Finally, Morgan Stanley lifted their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus price target of $252.23.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Down 1.6%

Shares of NYSE:LNG opened at $233.48 on Monday. 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, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The business has a 50 day moving average of $224.83 and a two-hundred day moving average of $220.27. The company has a market capitalization of $52.02 billion, a PE ratio of 16.41 and a beta of 0.41.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same period last year, the firm earned $2.13 earnings per share. Cheniere Energy’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders 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 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy’s payout ratio is 14.63%.

About Cheniere Energy

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.