Wellington Shields Capital Management LLC Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Wellington Shields Capital Management LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,999 shares of the energy company’s stock after purchasing an additional 502 shares during the period. Wellington Shields Capital Management LLC’s holdings in Cheniere Energy were worth $1,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC purchased a new stake in Cheniere Energy in the fourth quarter worth $2,127,000. Fractal Investments LLC grew its stake in shares of Cheniere Energy by 31.0% in the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after buying an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. bought a new position in Cheniere Energy during the 4th quarter valued at approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock worth $7,812,000 after buying an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at $4,455,000. 87.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Stifel Nicolaus boosted their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $236.33.

Cheniere Energy Stock Down 1.9 %

LNG opened at $210.99 on Friday. The stock has a market cap of $47.19 billion, a price-to-earnings ratio of 14.83 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm’s fifty day moving average is $224.93 and its 200 day moving average is $207.05. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.05%.

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.