Waterfront Wealth Inc. Sells 100 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Waterfront Wealth Inc. lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,419 shares of the energy company’s stock after selling 100 shares during the period. Waterfront Wealth Inc.’s holdings in Cheniere Energy were worth $305,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. Geneos Wealth Management Inc. grew its stake in Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after buying an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Cheniere Energy by 2.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after acquiring an additional 46 shares during the period. Hourglass Capital LLC boosted its position in shares of Cheniere Energy by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock worth $2,353,000 after acquiring an additional 60 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 acquiring an additional 61 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in Cheniere Energy by 5.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the topic of a number of research analyst reports. UBS Group raised their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Scotiabank raised their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus increased their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.75.

Cheniere Energy Price Performance

LNG stock opened at $220.90 on Friday. The company has a market capitalization of $49.56 billion, a P/E ratio of 14.11 and a beta of 0.98. The company has a fifty day moving average price of $222.92 and a 200-day moving average price of $203.27. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. As a group, equities analysts expect that Cheniere Energy, Inc. will post 12.77 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy’s dividend payout ratio (DPR) is 14.05%.

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.