Allworth Financial LP Buys 5,474 Shares of Cheniere Energy, Inc. $LNG

Allworth Financial LP raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 83.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,055 shares of the energy company’s stock after buying an additional 5,474 shares during the quarter. Allworth Financial LP’s holdings in Cheniere Energy were worth $2,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock valued at $4,844,995,000 after purchasing an additional 54,801 shares during the period. Invesco Ltd. raised its holdings in Cheniere Energy by 7.9% in the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock worth $808,151,000 after purchasing an additional 255,140 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock worth $737,149,000 after purchasing an additional 359,435 shares in the last quarter. Amundi boosted its position in shares of Cheniere Energy by 0.3% during the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after purchasing an additional 7,297 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock valued at $554,265,000 after buying an additional 488,994 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.8%

Shares of Cheniere Energy stock opened at $213.77 on Thursday. The firm has a market cap of $46.01 billion, a PE ratio of 12.48, a P/E/G ratio of 6.08 and a beta of 0.36. The business’s 50 day simple moving average is $225.98 and its 200 day simple moving average is $232.06. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 52-week low of $188.70 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the prior year, the firm posted $3.93 EPS. The business’s revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LNG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating and issued a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research report on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, TD Cowen increased their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.73.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This represents a 102.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

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.