Quad Cities Investment Group LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Quad Cities Investment Group LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 983 shares of the energy company’s stock, valued at approximately $211,000.

Several other hedge funds also recently added to or reduced their stakes in LNG. Carolinas Wealth Consulting LLC raised its position in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in Cheniere Energy in the third quarter valued at about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy in the second quarter valued at about $30,000. Finally, ORG Wealth Partners LLC purchased a new position in Cheniere Energy during the third quarter worth about $53,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 2.0 %

LNG opened at $229.69 on Tuesday. 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 one year low of $152.31 and a one year high of $230.11. The company has a market cap of $51.53 billion, a P/E ratio of 14.67 and a beta of 0.99. The business’s 50-day simple moving average is $215.81 and its 200-day simple moving average is $193.53.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company earned $2.37 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

Several equities analysts have recently commented on LNG shares. Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Scotiabank started coverage on Cheniere Energy in a research report on Friday. They set a “sector outperform” rating and a $242.00 price objective on the stock. Finally, TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $226.55.

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.