By otakuyassine3@gmail.com 
Brave Asset Management Inc. purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 950 shares of the energy company’s stock, valued at approximately $204,000.
Several other hedge funds have also made changes to their positions in LNG. Miracle Mile Advisors LLC purchased a new stake in Cheniere Energy during the 4th quarter worth about $2,127,000. Insight Wealth Strategies LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $4,455,000. Continuum Advisory LLC lifted its stake in Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after acquiring an additional 3,828 shares during the last quarter. Jennison Associates LLC lifted its stake in Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after acquiring an additional 37,729 shares during the last quarter. Finally, M&G PLC grew its holdings in Cheniere Energy by 21.0% during the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after acquiring an additional 46,602 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus increased their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America started 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. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Scotiabank initiated coverage on shares of Cheniere Energy in a report on Friday, January 10th. They set a “sector outperform” rating and a $242.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $226.55.
View Our Latest Stock Report on Cheniere Energy
Cheniere Energy Price Performance
Shares of LNG opened at $245.88 on Thursday. The firm has a market capitalization of $55.17 billion, a PE ratio of 15.70 and a beta of 0.99. The stock’s 50 day moving average is $216.82 and its two-hundred day moving average is $194.00. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $248.61. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.
Cheniere Energy (NYSE:LNG – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company posted $2.37 earnings per share. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.
Cheniere Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.81%. Cheniere Energy’s dividend payout ratio 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.
Further Reading
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