Integrated Wealth Concepts LLC Increases Stake in Cheniere Energy, Inc. $LNG

Integrated Wealth Concepts LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 51.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,714 shares of the energy company’s stock after acquiring an additional 2,614 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Cheniere Energy were worth $1,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Cheniere Energy during the 4th quarter valued at about $731,774,000. Wellington Management Group LLP lifted its position in shares of Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares during the period. Victory Capital Management Inc. lifted its position in shares of Cheniere Energy by 12.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock worth $443,031,000 after purchasing an additional 253,469 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after purchasing an additional 1,426,058 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Cheniere Energy by 12.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after purchasing an additional 239,680 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 1.4%

NYSE:LNG opened at $270.39 on Wednesday. The company’s 50-day simple moving average is $270.60 and its 200-day simple moving average is $258.77. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The stock has a market capitalization of $55.84 billion and a P/E ratio of 20.13.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter last year, the firm earned $7.30 EPS. The company’s revenue was up 23.5% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 16.31 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s payout ratio is currently 16.53%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LNG. Scotiabank lifted their price objective on shares of Cheniere Energy from $290.00 to $312.00 and gave the company an “outperform” rating in a report on Thursday, September 10th. Sanford C. Bernstein started coverage on Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price for the company. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price target on shares of Cheniere Energy in a report on Friday, August 7th. Finally, Argus set a $330.00 price target on Cheniere Energy in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $305.65.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.