Cheniere Energy, Inc. (NYSE:LNG) Position Raised by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 249.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,407 shares of the energy company’s stock after purchasing an additional 49,523 shares during the period. Cerity Partners LLC’s holdings in Cheniere Energy were worth $11,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new stake in Cheniere Energy during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy during the first quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after purchasing an additional 118 shares in the last quarter. OFI Invest Asset Management bought a new stake in Cheniere Energy during the third quarter worth approximately $40,000. Finally, Geneos Wealth Management Inc. raised its holdings in Cheniere Energy by 48.1% during the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock worth $45,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $156.79 on Monday. The firm has a market cap of $36.80 billion, a price-to-earnings ratio of 3.87 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The stock’s fifty day moving average price is $158.88.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $15.78 earnings per share. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. The ex-dividend date was Monday, February 5th. This represents a $1.74 annualized dividend and a yield of 1.11%. Cheniere Energy’s dividend payout ratio is 4.30%.

Analysts Set New Price Targets

Several equities research analysts recently commented on LNG shares. TD Cowen dropped their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Barclays lifted their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $196.78.

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.