Cheniere Energy, Inc. (NYSE:LNG) Stake Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,015 shares of the energy company’s stock after acquiring an additional 4,584 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cheniere Energy were worth $32,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. PFG Advisors grew its position in Cheniere Energy by 24.6% in the 4th quarter. PFG Advisors now owns 6,712 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 1,327 shares during the last quarter. Prosperity Wealth Management Inc. acquired a new position in shares of Cheniere Energy during the fourth quarter worth approximately $397,000. Citizens Financial Group Inc. RI bought a new position in Cheniere Energy in the 4th quarter worth approximately $230,000. Riverbend Wealth Management LLC acquired a new stake in Cheniere Energy in the 4th quarter valued at approximately $470,000. Finally, Morton Community Bank raised its stake in Cheniere Energy by 1.3% during the 4th quarter. Morton Community Bank now owns 16,075 shares of the energy company’s stock valued at $3,454,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $211.17 on Wednesday. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The business’s fifty day moving average is $225.11 and its two-hundred day moving average is $206.97. The stock has a market capitalization of $47.23 billion, a P/E ratio of 14.84 and a beta of 0.94. 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 (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s payout ratio is currently 14.05%.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LNG. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.33.

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.