SVB Wealth LLC Takes $208,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

SVB Wealth LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,217 shares of the energy company’s stock, valued at approximately $208,000.

Other hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Cheniere Energy by 203.4% during the 3rd 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 purchased a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $40,000. Farmers & Merchants Investments Inc. increased its stake in shares of Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after purchasing an additional 60 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Cheniere Energy by 133.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the energy company’s stock worth $58,000 after purchasing an additional 200 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 1.0 %

Shares of NYSE LNG opened at $158.85 on Wednesday. Cheniere Energy, Inc. has a 52-week low of $135.30 and a 52-week high of $183.46. The company’s fifty day moving average is $157.98. The stock has a market cap of $36.64 billion, a PE ratio of 3.92 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the company earned $15.78 EPS. The business’s quarterly revenue was down 46.9% compared to the same quarter last year. Equities research analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were issued a dividend of $0.435 per share. The ex-dividend date was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.10%. Cheniere Energy’s payout ratio is 4.30%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent research reports. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen lowered their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Barclays lifted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Finally, Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.56.

Cheniere Energy Company 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.