WBI Investments LLC Makes New Investment in Cheniere Energy, Inc. $LNG

WBI Investments LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, Holdings Channel.com reports. The fund bought 3,453 shares of the energy company’s stock, valued at approximately $841,000.

Several other institutional investors have also made changes to their positions in LNG. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $335,000. Private Advisor Group LLC grew its holdings in shares of Cheniere Energy by 48.3% during the 1st quarter. Private Advisor Group LLC now owns 5,833 shares of the energy company’s stock worth $1,350,000 after purchasing an additional 1,899 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Cheniere Energy by 385.9% in the first quarter. Kestra Private Wealth Services LLC now owns 7,026 shares of the energy company’s stock worth $1,626,000 after purchasing an additional 5,580 shares during the period. IFP Advisors Inc raised its stake in Cheniere Energy by 139.9% in the first quarter. IFP Advisors Inc now owns 12,214 shares of the energy company’s stock valued at $2,827,000 after purchasing an additional 7,123 shares in the last quarter. Finally, Montag A & Associates Inc. raised its stake in Cheniere Energy by 89.3% in the first quarter. Montag A & Associates Inc. now owns 462 shares of the energy company’s stock valued at $107,000 after purchasing an additional 218 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other news, Director W Benjamin Moreland acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, the director directly owned 9,856 shares in the company, valued at $2,052,216.32. The trade was a 102.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LNG shares. Scotiabank reduced their price objective on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. Mizuho increased their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. TD Cowen boosted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $268.47.

Cheniere Energy Trading Down 0.9%

Shares of Cheniere Energy stock opened at $213.28 on Wednesday. The firm’s 50 day moving average is $224.31 and its 200 day moving average is $231.46. The firm has a market capitalization of $45.91 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.

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

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is currently 12.37%.

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.