Waterfront Wealth Inc. Sells 100 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Waterfront Wealth Inc. decreased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,419 shares of the energy company’s stock after selling 100 shares during the period. Waterfront Wealth Inc.’s holdings in Cheniere Energy were worth $305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after purchasing an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after buying an additional 46 shares during the last quarter. Hourglass Capital LLC boosted its holdings in shares of Cheniere Energy by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock valued at $2,353,000 after buying an additional 60 shares during the last quarter. Chemistry Wealth Management LLC grew its stake in shares of Cheniere Energy by 5.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after buying an additional 61 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its holdings in 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 last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley raised their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Stifel Nicolaus upped their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.75.

Cheniere Energy Stock Performance

LNG opened at $220.90 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business has a fifty day simple moving average of $222.92 and a 200 day simple moving average of $203.27. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The company has a market capitalization of $49.56 billion, a PE ratio of 14.11 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Research analysts expect that Cheniere Energy, Inc. will post 12.77 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.