Cornerstone Wealth Management LLC Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cornerstone Wealth Management LLC boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,851 shares of the energy company’s stock after buying an additional 225 shares during the period. Cornerstone Wealth Management LLC’s holdings in Cheniere Energy were worth $827,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LNG. Octavia Wealth Advisors LLC boosted its holdings in Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares during the period. Chemistry Wealth Management LLC grew its position in shares of Cheniere Energy by 5.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock worth $267,000 after buying an additional 61 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of Cheniere Energy by 5.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock worth $256,000 after buying an additional 61 shares during the period. MAI Capital Management raised its holdings in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after acquiring an additional 62 shares in the last quarter. Finally, Sapient Capital LLC lifted its stake in Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 67 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 1.1 %

NYSE LNG opened at $231.73 on Friday. The firm’s fifty day moving average is $222.57 and its two-hundred day moving average is $197.62. Cheniere Energy, Inc. has a one year low of $152.31 and a one year 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 firm has a market cap of $51.99 billion, a PE ratio of 14.80 and a beta of 0.99.

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

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Scotiabank raised their price target on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. UBS Group raised their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

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.