Quantum Financial Advisors LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Quantum Financial Advisors LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 996 shares of the energy company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $441,000. Commonwealth Equity Services LLC lifted its stake in Cheniere Energy by 2.7% in the second quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the energy company’s stock valued at $1,001,000 after buying an additional 534 shares during the last quarter. LPL Financial LLC lifted its stake in Cheniere Energy by 5.8% in the second quarter. LPL Financial LLC now owns 199,187 shares of the energy company’s stock valued at $34,824,000 after buying an additional 10,935 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Cheniere Energy by 2.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 121,291 shares of the energy company’s stock valued at $20,787,000 after acquiring an additional 2,795 shares during the period. Finally, Meeder Advisory Services Inc. grew its position in shares of Cheniere Energy by 32.7% during the second quarter. Meeder Advisory Services Inc. now owns 2,226 shares of the energy company’s stock worth $389,000 after acquiring an additional 548 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America started coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus boosted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.55.

Cheniere Energy Stock Performance

Shares of LNG opened at $229.69 on Tuesday. 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 firm’s 50 day moving average is $215.81 and its 200-day moving average is $193.53. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $230.11. The stock has a market capitalization of $51.53 billion, a P/E ratio of 14.67 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly 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 firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the business posted $2.37 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is 12.77%.

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.