Strategic Wealth Partners Ltd. Buys 532 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Strategic Wealth Partners Ltd. raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.3% during the 4th quarter, Holdings Channel reports. The fund owned 6,978 shares of the energy company’s stock after purchasing an additional 532 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Cheniere Energy were worth $1,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LNG. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company’s stock worth $1,220,858,000 after acquiring an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Cheniere Energy by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock worth $886,664,000 after acquiring an additional 379,142 shares during the period. Invesco Ltd. lifted its position in Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock worth $695,599,000 after acquiring an additional 450,031 shares during the period. Norges Bank acquired a new stake in Cheniere Energy during the 4th quarter worth about $629,197,000. Finally, Amundi lifted its holdings in shares of Cheniere Energy by 19.9% in the 4th quarter. Amundi now owns 2,696,002 shares of the energy company’s stock valued at $606,907,000 after buying an additional 448,189 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNG. Wolfe Research cut Cheniere Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Bank of America lifted their price target on Cheniere Energy from $254.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.23.

Cheniere Energy Trading Down 0.4%

LNG opened at $234.83 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business’s 50 day moving average price is $226.57 and its 200 day moving average price is $221.96. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65. The stock has a market capitalization of $52.08 billion, a PE ratio of 16.50 and a beta of 0.41.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the company earned $2.13 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, May 9th. Cheniere Energy’s payout ratio is currently 14.63%.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

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.