Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,241 shares of the energy company’s stock after acquiring an additional 61 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Cheniere Energy were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after acquiring an additional 167,575 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after acquiring an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after acquiring an additional 1,789,919 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after acquiring an additional 202,097 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after acquiring an additional 99,678 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LNG. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.18.

Cheniere Energy Trading Down 0.4 %

Shares of Cheniere Energy stock opened at $252.70 on Friday. The firm has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. 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 stock has a 50 day moving average of $219.76 and a 200 day moving average of $195.33.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.37 earnings per share. As a group, research analysts predict that Cheniere Energy, Inc. will post 12.66 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.