Eagle Wealth Strategies LLC Increases Position in Cheniere Energy, Inc. (NYSE:LNG)

Eagle Wealth Strategies LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,745 shares of the energy company’s stock after purchasing an additional 69 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Cheniere Energy were worth $375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new position in Cheniere Energy during the fourth quarter worth approximately $2,127,000. Insight Wealth Strategies LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $4,455,000. Covea Finance raised its holdings in shares of Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after acquiring an additional 19,200 shares during the period. Kathmere Capital Management LLC acquired a new position in shares of Cheniere Energy during the 4th quarter valued at about $245,000. Finally, Continuum Advisory LLC grew its holdings in shares of Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock valued at $2,323,000 after purchasing an additional 3,828 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays upped their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Bank of America assumed coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Scotiabank upped their price target on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday. Finally, UBS Group raised their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.64.

Cheniere Energy Stock Down 1.2 %

Shares of NYSE LNG opened at $249.71 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The stock has a market cap of $56.03 billion, a P/E ratio of 15.95 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The business’s fifty day simple moving average is $220.52 and its 200-day simple moving average is $196.18.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.37 earnings per share. As a group, equities analysts predict that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors 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 0.80%. Cheniere Energy’s payout ratio is currently 12.77%.

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.