Cheniere Energy, Inc. $LNG Position Lessened by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 46.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,118 shares of the energy company’s stock after selling 1,871 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Cheniere Energy were worth $506,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LNG. Strive Financial Group LLC acquired a new stake in Cheniere Energy in the fourth quarter worth $25,000. Financial Life Planners acquired a new stake in shares of Cheniere Energy in the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy in the 3rd quarter valued at about $27,000. Community Financial Services Group LLC bought a new stake in Cheniere Energy in the 2nd quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC lifted its position in Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after purchasing an additional 63 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LNG. Argus set a $330.00 price objective on Cheniere Energy in a research report on Tuesday, August 18th. Barclays increased their price target on Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold 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 $304.35.

Cheniere Energy Trading Up 0.0%

Cheniere Energy stock opened at $282.36 on Monday. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The stock has a market cap of $58.32 billion, a P/E ratio of 21.02 and a beta of -0.01. The company’s fifty day simple moving average is $260.25 and its 200-day simple moving average is $253.45.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the previous year, the business posted $7.30 EPS. Cheniere Energy’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy’s payout ratio is currently 16.53%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.