Williamson Legacy Group LLC Acquires 2,393 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Williamson Legacy Group LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 46.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,572 shares of the energy company’s stock after buying an additional 2,393 shares during the period. Cheniere Energy makes up approximately 1.1% of Williamson Legacy Group LLC’s portfolio, making the stock its 13th largest position. Williamson Legacy Group LLC’s holdings in Cheniere Energy were worth $1,627,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its stake in shares of Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after buying an additional 46 shares in the last quarter. Hourglass Capital LLC grew its stake in shares of Cheniere Energy by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock valued at $2,353,000 after buying an additional 60 shares in the last quarter. Chemistry Wealth Management LLC grew its stake in shares of Cheniere Energy by 5.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after buying an additional 61 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in shares of Cheniere Energy by 5.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after buying an additional 61 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 3.9 %

LNG opened at $228.51 on Friday. 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 company has a market capitalization of $51.11 billion, a P/E ratio of 16.06 and a beta of 0.98. The stock has a fifty day moving average of $224.28 and a 200-day moving average of $205.01.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNG. Morgan Stanley raised their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group raised their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Stifel Nicolaus raised their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.75.

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.