CreativeOne Wealth LLC Makes New $405,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

CreativeOne Wealth LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,250 shares of the energy company’s stock, valued at approximately $405,000.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy during the second quarter worth $26,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy in the second quarter worth $27,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy in the third quarter worth $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the third quarter worth $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.0 %

Shares of NYSE:LNG opened at $224.01 on Monday. The stock’s 50-day moving average price is $195.95 and its 200-day moving average price is $181.18. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $225.44. The stock has a market capitalization of $50.26 billion, a P/E ratio of 14.30 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 (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $2.37 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Analyst Ratings Changes

Several research firms have recently weighed in on LNG. TD Cowen upped their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays upped their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.89.

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.