Merrion Investment Management Co LLC Buys Shares of 2,000 Cheniere Energy, Inc. (NYSE:LNG)

Merrion Investment Management Co LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,000 shares of the energy company’s stock, valued at approximately $430,000.

Several other hedge funds also recently modified their holdings of LNG. Creative Planning acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at $276,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cheniere Energy by 26.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company’s stock valued at $1,216,000 after acquiring an additional 1,453 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Cheniere Energy by 23.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,945 shares of the energy company’s stock valued at $341,000 after acquiring an additional 1,336 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Cheniere Energy by 6.9% during the 2nd quarter. Truist Financial Corp now owns 19,487 shares of the energy company’s stock valued at $957,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Cheniere Energy by 40.8% during the 2nd quarter. Cetera Investment Advisers now owns 43,345 shares of the energy company’s stock valued at $2,129,000 after acquiring an additional 12,554 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LNG. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. TD Cowen lifted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $232.36.

Cheniere Energy Stock Performance

LNG stock opened at $228.14 on Thursday. The stock has a 50-day moving average price of $222.87 and a 200-day moving average price of $198.62. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $51.19 billion, a PE ratio of 14.57 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $2.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s payout ratio is 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.