Balboa Wealth Partners Buys 181 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Balboa Wealth Partners raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,595 shares of the energy company’s stock after buying an additional 181 shares during the quarter. Balboa Wealth Partners’ holdings in Cheniere Energy were worth $772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after buying an additional 43 shares during the period. Flagship Harbor Advisors LLC grew its stake in Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC increased its holdings in shares of Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock worth $719,000 after acquiring an additional 55 shares in the last quarter. Hourglass Capital LLC raised its position in shares of Cheniere Energy by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock worth $2,353,000 after purchasing an additional 60 shares during the period. Finally, Chemistry Wealth Management LLC lifted its holdings in shares of Cheniere Energy by 5.2% during the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after purchasing an additional 61 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Up 1.9 %

Shares of NYSE:LNG opened at $215.39 on Thursday. The company has a 50-day simple moving average of $225.12 and a 200 day simple moving average of $207.02. The company has a market capitalization of $48.17 billion, a P/E ratio of 15.14 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued 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 yield of 0.93%. Cheniere Energy’s payout ratio is currently 14.05%.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction 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 sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LNG. Barclays increased their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. UBS Group increased their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group boosted their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.33.

Cheniere Energy 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.