Envestnet Portfolio Solutions Inc. Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Envestnet Portfolio Solutions Inc. increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,019 shares of the energy company’s stock after buying an additional 519 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cheniere Energy were worth $1,293,000 at the end of the most recent reporting period.

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

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $227.24 on Friday. 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 one year low of $152.88 and a one year high of $257.65. The company has a 50-day simple moving average of $225.03 and a 200-day simple moving average of $208.94. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released 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. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. Cheniere Energy’s payout ratio is currently 14.05%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LNG shares. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. UBS Group reissued a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday. Morgan Stanley upped their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $239.79.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

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.