GoalVest Advisory LLC Purchases New Stake in Cheniere Energy, Inc. (NYSE:LNG)

GoalVest Advisory LLC acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, Holdings Channel.com reports. The firm acquired 6,750 shares of the energy company’s stock, valued at approximately $1,450,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Octavia Wealth Advisors LLC increased its holdings in Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after acquiring an additional 54 shares in the last quarter. Chemistry Wealth Management LLC increased its stake in Cheniere Energy by 5.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after purchasing an additional 61 shares during the last quarter. Premier Path Wealth Partners LLC lifted its holdings in shares of Cheniere Energy by 5.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock worth $256,000 after acquiring an additional 61 shares during the period. MAI Capital Management boosted its holdings in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after acquiring an additional 62 shares during the last quarter. Finally, Sapient Capital LLC increased its position in shares of Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group increased their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. TD Cowen upped their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays raised their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.64.

Cheniere Energy Trading Down 6.5 %

NYSE LNG opened at $233.47 on Thursday. The stock’s 50-day moving average is $221.23 and its 200-day moving average is $196.72. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The firm has a market cap of $52.38 billion, a P/E ratio of 14.91 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the business posted $2.37 EPS. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is presently 12.77%.

Cheniere Energy 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.