Inspire Investing LLC Acquires New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Inspire Investing LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,030 shares of the energy company’s stock, valued at approximately $866,000.

Other hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $2,127,000. Insight Wealth Strategies LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $4,455,000. Covea Finance grew its position in Cheniere Energy by 18.8% in the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after acquiring an additional 19,200 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Cheniere Energy during the 4th quarter worth $245,000. Finally, Continuum Advisory LLC increased its stake in shares of Cheniere Energy by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 0.4 %

Shares of Cheniere Energy stock opened at $234.36 on Friday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The company’s fifty day simple moving average is $221.70 and its 200-day simple moving average is $196.97. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 14.97 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.37 EPS. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy’s dividend payout ratio is 12.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNG. Stifel Nicolaus upped their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company upped their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Scotiabank lifted their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.64.

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.