IHT Wealth Management LLC Invests $580,000 in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

IHT Wealth Management LLC purchased a new stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,495 shares of the energy company’s stock, valued at approximately $580,000.

Other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Cheniere Energy by 32.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 9,927 shares of the energy company’s stock worth $1,647,000 after acquiring an additional 2,447 shares during the period. CENTRAL TRUST Co grew its position in shares of Cheniere Energy by 10.9% during the third quarter. CENTRAL TRUST Co now owns 5,766 shares of the energy company’s stock worth $957,000 after buying an additional 565 shares in the last quarter. M&T Bank Corp grew its position in shares of Cheniere Energy by 28.6% during the third quarter. M&T Bank Corp now owns 21,392 shares of the energy company’s stock worth $3,548,000 after buying an additional 4,763 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Cheniere Energy in the third quarter valued at approximately $109,000. Finally, Captrust Financial Advisors boosted its holdings in Cheniere Energy by 31.3% in the third quarter. Captrust Financial Advisors now owns 10,454 shares of the energy company’s stock valued at $1,734,000 after purchasing an additional 2,493 shares in the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,700 shares of Cheniere Energy stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total transaction of $382,050.00. Following the sale, the director now owns 33,862 shares of the company’s stock, valued at approximately $4,791,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

Cheniere Energy Trading Down 2.0 %

Shares of LNG opened at $143.87 on Friday. The firm has a market cap of $35.77 billion, a price-to-earnings ratio of -9.42 and a beta of 1.00. The business has a 50 day moving average price of $154.06. Cheniere Energy, Inc. has a 52 week low of $120.09 and a 52 week high of $182.35.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The energy company reported $15.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.08 by $8.70. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. The business had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the firm posted ($5.22) EPS. The business’s revenue for the quarter was up 42.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post -7.54 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 27th. Investors of record on Tuesday, February 7th were given a dividend of $0.395 per share. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.58 dividend on an annualized basis and a yield of 1.10%. Cheniere Energy’s dividend payout ratio is currently -10.35%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LNG shares. Citigroup reduced their price objective on Cheniere Energy from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, January 9th. Raymond James decreased their price objective on Cheniere Energy from $210.00 to $205.00 and set a “strong-buy” rating on the stock in a research note on Monday, January 23rd. Cowen decreased their price objective on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Friday, January 20th. Barclays reduced their target price on Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Friday, January 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 target price on shares of Cheniere Energy in a research report on Tuesday, November 22nd. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $201.62.

Cheniere Energy Company Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.