Lake Street Private Wealth LLC Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Lake Street Private Wealth LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,574 shares of the energy company’s stock after purchasing an additional 959 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Cheniere Energy were worth $4,636,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after buying an additional 1,789,919 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Cheniere Energy by 328.2% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after buying an additional 685,662 shares during the period. Darlington Partners Capital Management LP boosted its holdings in Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after buying an additional 647,096 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after buying an additional 413,744 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent research reports. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. 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 note on Friday, November 15th. Stifel Nicolaus upped their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, TD Cowen upped their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $231.18.

Cheniere Energy Price Performance

LNG stock opened at $252.70 on Friday. The firm has a 50 day simple moving average of $219.76 and a two-hundred day simple moving average of $195.33. The stock has a market cap of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99. 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 current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business earned $2.37 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

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.