Cheniere Energy, Inc. $LNG Shares Acquired by Alaethes Wealth LLC

Alaethes Wealth LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,397 shares of the energy company’s stock after purchasing an additional 326 shares during the quarter. Alaethes Wealth LLC’s holdings in Cheniere Energy were worth $1,712,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in Cheniere Energy in the 4th quarter valued at about $335,000. Cary Street Partners Financial LLC acquired a new stake in Cheniere Energy in the 4th quarter valued at about $181,000. EP Wealth Advisors LLC acquired a new stake in Cheniere Energy in the 4th quarter valued at about $273,000. Investment Management Corp of Ontario lifted its holdings in Cheniere Energy by 2.3% in the 4th quarter. Investment Management Corp of Ontario now owns 14,384 shares of the energy company’s stock valued at $3,091,000 after acquiring an additional 317 shares during the last quarter. Finally, Laurion Capital Management LP lifted its holdings in Cheniere Energy by 0.9% in the 4th quarter. Laurion Capital Management LP now owns 32,113 shares of the energy company’s stock valued at $6,900,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Mizuho boosted their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, TD Cowen boosted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $263.29.

Cheniere Energy Price Performance

Shares of LNG opened at $233.61 on Tuesday. The company has a market capitalization of $51.34 billion, a price-to-earnings ratio of 13.64 and a beta of 0.43. Cheniere Energy, Inc. has a fifty-two week low of $175.14 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The business’s 50-day moving average is $235.27 and its 200-day moving average is $230.93.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.84 EPS. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were issued a $0.50 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 11.68%.

About Cheniere Energy

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.