Cheniere Energy, Inc. (NYSE:LNG) Position Increased by Royal Fund Management LLC

Royal Fund Management LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,322 shares of the energy company’s stock after buying an additional 407 shares during the quarter. Royal Fund Management LLC’s holdings in Cheniere Energy were worth $3,722,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the third quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy in the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in Cheniere Energy in the 2nd quarter worth about $30,000. Finally, City Holding Co. acquired a new stake in Cheniere Energy during the 4th quarter worth about $50,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.4 %

NYSE:LNG opened at $252.70 on Tuesday. The company’s 50 day moving average is $219.76 and its 200-day moving average is $195.63. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The firm has a market cap of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm 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 quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.37 EPS. Equities analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current year.

Cheniere Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LNG shares. Wells Fargo & Company increased their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. UBS Group increased their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Scotiabank initiated coverage on Cheniere Energy in a research note on Friday, January 10th. They set a “sector outperform” rating and a $242.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $231.18.

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.