NewEdge Wealth LLC Increases Stake in Cheniere Energy, Inc. (NYSE:LNG)

NewEdge Wealth LLC boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 39.2% during the 4th quarter, Holdings Channel reports. The firm owned 6,969 shares of the energy company’s stock after acquiring an additional 1,961 shares during the quarter. NewEdge Wealth LLC’s holdings in Cheniere Energy were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after buying an additional 167,575 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cheniere Energy by 11.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after buying an additional 178,318 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after buying an additional 631,787 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 3.9 %

Shares of LNG opened at $228.51 on Friday. 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 $51.11 billion, a P/E ratio of 16.06 and a beta of 0.98. The stock’s 50 day moving average is $224.28 and its two-hundred day moving average is $205.17. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, TD Cowen lifted their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.75.

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.