Sequoia Financial Advisors LLC Has $36.05 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Sequoia Financial Advisors LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,826 shares of the energy company’s stock after acquiring an additional 6,366 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cheniere Energy were worth $36,049,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNG. Financial Life Planners acquired a new position in Cheniere Energy during the first quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy during the third quarter worth about $27,000. Community Financial Services Group LLC acquired a new position in Cheniere Energy during the second quarter worth approximately $29,000. Strive Financial Group LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $25,000. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after acquiring an additional 63 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.1%

Shares of Cheniere Energy stock opened at $276.42 on Thursday. The firm’s 50-day moving average price is $268.43 and its two-hundred day moving average price is $257.29. The company has a market capitalization of $57.09 billion and a price-to-earnings ratio of 20.58. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89.

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

Cheniere Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $310.00 target price on shares of Cheniere Energy in a research note on Friday, August 7th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $304.35.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.