MN Wealth Advisors LLC Buys 105 Shares of Cheniere Energy, Inc. (NYSE:LNG)

MN Wealth Advisors LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,613 shares of the energy company’s stock after purchasing an additional 105 shares during the quarter. MN Wealth Advisors LLC’s holdings in Cheniere Energy were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. BIP Wealth LLC raised its holdings in shares of Cheniere Energy by 1.4% in the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company’s stock worth $762,000 after purchasing an additional 50 shares during the period. Glen Eagle Advisors LLC raised its holdings in shares of Cheniere Energy by 3.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company’s stock worth $320,000 after purchasing an additional 53 shares during the period. NDVR Inc. raised its holdings in shares of Cheniere Energy by 4.8% in the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company’s stock worth $255,000 after purchasing an additional 54 shares during the period. Larson Financial Group LLC raised its holdings in shares of Cheniere Energy by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock worth $719,000 after purchasing an additional 55 shares during the period. Finally, American Money Management LLC raised its holdings in shares of Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock worth $2,361,000 after purchasing an additional 55 shares during the period. Institutional investors own 87.26% of the company’s stock.

Insider Activity

In related news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director now directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LNG shares. Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. TD Cowen lifted their price objective on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Scotiabank reduced their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.23.

Cheniere Energy Stock Up 1.0%

LNG opened at $235.87 on Wednesday. The company has a fifty day moving average price of $232.53 and a 200-day moving average price of $225.42. The firm has a market capitalization of $52.31 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 4.87 and a beta of 0.43. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. Cheniere Energy, Inc. has a one year low of $157.25 and a one year high of $257.65.

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). The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.13 earnings per share. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.63%.

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.