Cornerstone Wealth Management LLC Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Cornerstone Wealth Management LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,851 shares of the energy company’s stock after purchasing an additional 225 shares during the period. Cornerstone Wealth Management LLC’s holdings in Cheniere Energy were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in Cheniere Energy in the second quarter valued at $210,000. Marshall Wace LLP increased its holdings in shares of Cheniere Energy by 35.0% in the 2nd quarter. Marshall Wace LLP now owns 63,609 shares of the energy company’s stock valued at $11,121,000 after purchasing an additional 16,499 shares in the last quarter. AXA S.A. lifted its stake in shares of Cheniere Energy by 129.9% in the second quarter. AXA S.A. now owns 54,355 shares of the energy company’s stock valued at $9,503,000 after purchasing an additional 30,714 shares during the period. Maverick Capital Ltd. boosted its holdings in Cheniere Energy by 88.3% during the second quarter. Maverick Capital Ltd. now owns 8,872 shares of the energy company’s stock worth $1,551,000 after buying an additional 4,161 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in Cheniere Energy during the second quarter worth about $524,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Scotiabank upped their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $231.64.

Cheniere Energy Stock Performance

NYSE:LNG opened at $231.73 on Friday. The firm has a market cap of $51.99 billion, a PE ratio of 14.80 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, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The firm has a 50 day simple moving average of $222.57 and a 200-day simple moving average of $197.62.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $2.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities analysts expect that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.86%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.