United Asset Strategies Inc. Grows Position in Cheniere Energy, Inc. $LNG

United Asset Strategies Inc. lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 9.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,252 shares of the energy company’s stock after purchasing an additional 2,646 shares during the period. United Asset Strategies Inc.’s holdings in Cheniere Energy were worth $7,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Brighton Jones LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at about $335,000. CWM LLC grew its position in shares of Cheniere Energy by 154.7% in the 1st quarter. CWM LLC now owns 8,758 shares of the energy company’s stock worth $2,027,000 after buying an additional 5,320 shares during the last quarter. Sigma Planning Corp increased its stake in shares of Cheniere Energy by 7.4% during the first quarter. Sigma Planning Corp now owns 3,705 shares of the energy company’s stock valued at $857,000 after buying an additional 256 shares during the period. Bogart Wealth LLC bought a new position in shares of Cheniere Energy during the first quarter valued at approximately $57,000. Finally, SBI Securities Co. Ltd. lifted its stake in Cheniere Energy by 49.3% in the first quarter. SBI Securities Co. Ltd. now owns 321 shares of the energy company’s stock worth $74,000 after acquiring an additional 106 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Up 0.2%

Shares of NYSE:LNG opened at $212.02 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $226.50 and a two-hundred day simple moving average of $232.18. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65. The stock has a market capitalization of $45.63 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.93 earnings per share. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Barclays restated an “overweight” rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.73.

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.