Venturi Wealth Management LLC Buys 1,205 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Venturi Wealth Management LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1,217.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,304 shares of the energy company’s stock after purchasing an additional 1,205 shares during the period. Venturi Wealth Management LLC’s holdings in Cheniere Energy were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNG. D.A. Davidson & CO. lifted its stake in shares of Cheniere Energy by 6.6% in the fourth quarter. D.A. Davidson & CO. now owns 9,964 shares of the energy company’s stock valued at $2,141,000 after buying an additional 619 shares during the period. Truist Financial Corp raised its holdings in Cheniere Energy by 1.6% in the 4th quarter. Truist Financial Corp now owns 29,029 shares of the energy company’s stock valued at $6,237,000 after acquiring an additional 446 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Cheniere Energy by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 16,170 shares of the energy company’s stock worth $3,474,000 after acquiring an additional 673 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Cheniere Energy by 1.2% during the 4th quarter. Sanctuary Advisors LLC now owns 49,626 shares of the energy company’s stock worth $11,424,000 after purchasing an additional 592 shares in the last quarter. Finally, Kerusso Capital Management LLC bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $1,872,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE:LNG opened at $226.80 on Friday. The stock has a market capitalization of $50.89 billion, a P/E ratio of 14.48 and a beta 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 moving average of $222.68 and a 200-day moving average of $203.10. 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 (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 12.77 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analyst Ratings Changes

LNG has been the subject of several research reports. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

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.