CreativeOne Wealth LLC Purchases 981 Shares of Cheniere Energy, Inc. $LNG

CreativeOne Wealth LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,585 shares of the energy company’s stock after acquiring an additional 981 shares during the period. CreativeOne Wealth LLC’s holdings in Cheniere Energy were worth $3,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. boosted its holdings in shares of Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Westside Investment Management Inc. lifted its holdings in Cheniere Energy by 473.7% in the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares during the period. Hilltop National Bank bought a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $28,000. Richardson Financial Services Inc. purchased a new position in shares of Cheniere Energy during the second quarter valued at approximately $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of Cheniere Energy during the second quarter valued at approximately $34,000. 87.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director W Benjamin Moreland acquired 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNG. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. Jefferies Financial Group set a $290.00 target price on shares of Cheniere Energy in a research note on Thursday, October 30th. 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 note on Friday, August 29th. Cowen restated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Finally, Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $268.47.

Cheniere Energy Stock Down 0.5%

Shares of Cheniere Energy stock opened at $204.45 on Tuesday. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The firm has a market cap of $44.00 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 6.08 and a beta of 0.36. The company has a 50-day moving average of $222.02 and a 200 day moving average of $230.62. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the firm posted $3.93 earnings per share. Cheniere Energy’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

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.