Signature Wealth Management Group Has $1.08 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Signature Wealth Management Group increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,004 shares of the energy company’s stock after acquiring an additional 150 shares during the period. Signature Wealth Management Group’s holdings in Cheniere Energy were worth $1,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. MassMutual Private Wealth & Trust FSB raised its holdings in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. WR Wealth Planners LLC raised its holdings in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy during the fourth quarter worth about $29,000. Adirondack Trust Co. bought a new stake in Cheniere Energy during the fourth quarter worth about $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in Cheniere Energy during the fourth quarter worth about $46,000. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus upped their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. TD Cowen upped their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Morgan Stanley upped their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.33.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $218.61 on Friday. The firm has a market cap of $48.90 billion, a P/E ratio of 15.36 and a beta of 0.94. 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, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The business’s 50 day moving average is $224.85 and its 200-day moving average is $207.45.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

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.