Kestra Private Wealth Services LLC Raises Stake in Cheniere Energy, Inc. (NYSE:LNG)

Kestra Private Wealth Services LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 8.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,009 shares of the energy company’s stock after buying an additional 164 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Cheniere Energy were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LNG. Mutual Advisors LLC increased its stake in Cheniere Energy by 1.0% in the 3rd quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after purchasing an additional 64 shares in the last quarter. Xcel Wealth Management LLC boosted its position in shares of Cheniere Energy by 3.4% in the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock worth $335,000 after buying an additional 65 shares in the last quarter. Winch Advisory Services LLC boosted its position in shares of Cheniere Energy by 11.4% in the 3rd quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock worth $107,000 after buying an additional 66 shares in the last quarter. Simon Quick Advisors LLC grew its stake in Cheniere Energy by 3.1% in the 4th quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after acquiring an additional 66 shares during the last quarter. Finally, Syon Capital LLC increased its holdings in Cheniere Energy by 4.7% during the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after acquiring an additional 73 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $156.17 on Wednesday. The firm has a market capitalization of $36.02 billion, a price-to-earnings ratio of 7.61 and a beta of 0.95. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The stock’s 50-day moving average price is $157.93.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. The business’s revenue was down 41.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.89 EPS. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 8.4 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent research reports. Barclays upped their target price on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. UBS Group dropped their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Stifel Nicolaus upped their target price on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, TD Cowen lowered their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.40.

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.