Journey Strategic Wealth LLC Takes $353,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Journey Strategic Wealth LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,642 shares of the energy company’s stock, valued at approximately $353,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its position in Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Cheniere Energy by 328.2% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock valued at $160,885,000 after buying an additional 685,662 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after buying an additional 631,787 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Cheniere Energy by 472.1% during the third quarter. National Bank of Canada FI now owns 283,810 shares of the energy company’s stock worth $50,965,000 after buying an additional 234,202 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 2.8 %

Shares of NYSE:LNG opened at $223.71 on Monday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market cap of $50.19 billion, a P/E ratio of 14.29 and a beta of 0.99. The firm has a fifty day moving average price of $223.15 and a 200 day moving average price of $199.51.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate 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 net margin of 22.70% and a return on equity of 41.44%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 earnings per share. Sell-side analysts predict that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LNG shares. UBS Group lifted their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays boosted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus increased their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $234.25.

Cheniere Energy 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.