Tranquility Partners LLC Has $731,000 Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Tranquility Partners LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,283 shares of the energy company’s stock after acquiring an additional 275 shares during the quarter. Tranquility Partners LLC’s holdings in Cheniere Energy were worth $731,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in Cheniere Energy during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Cheniere Energy in the 1st quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after buying an additional 118 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $40,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Cheniere Energy by 48.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock valued at $45,000 after buying an additional 89 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

LNG stock traded up $2.54 during trading on Wednesday, reaching $156.81. 1,649,093 shares of the company were exchanged, compared to its average volume of 1,894,831. The business’s 50-day moving average is $158.34. The company has a market capitalization of $36.80 billion, a P/E ratio of 3.87 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $135.30 and a twelve 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.

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

Cheniere Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LNG. Redburn Atlantic began coverage on shares of Cheniere Energy in a research report on Tuesday. They issued a “neutral” rating and a $162.00 target price for the company. TD Cowen dropped 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 report on Tuesday, February 27th. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Two investment analysts have 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 company has a consensus rating of “Moderate Buy” and an average target price of $193.30.

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.