Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.3% during the 1st quarter, Holdings Channel reports. The fund owned 2,091 shares of the energy company’s stock after purchasing an additional 245 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Cheniere Energy were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the sale, the director now owns 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE LNG opened at $235.87 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $157.25 and a 1-year high of $257.65. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a market cap of $52.31 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 4.87 and a beta of 0.43. The stock’s 50 day simple moving average is $232.53 and its 200-day simple moving average is $225.42.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the business posted $2.13 EPS. Cheniere Energy’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Cheniere Energy’s dividend payout ratio is presently 14.63%.

Analyst Ratings Changes

A number of brokerages have issued reports on LNG. Bank of America increased their price target on Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their price target on Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Raymond James Financial restated a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Finally, TD Cowen raised their target price on Cheniere Energy from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.23.

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.