Integrated Wealth Concepts LLC Buys 1,761 Shares of Cheniere Energy, Inc. $LNG

Integrated Wealth Concepts LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 59.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,711 shares of the energy company’s stock after purchasing an additional 1,761 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Cheniere Energy were worth $1,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. Brighton Jones LLC purchased a new position in Cheniere Energy during the fourth quarter worth about $335,000. EP Wealth Advisors LLC purchased a new position in Cheniere Energy during the fourth quarter worth about $273,000. Obermeyer Wealth Partners purchased a new position in Cheniere Energy during the fourth quarter worth about $218,000. OMERS ADMINISTRATION Corp grew its position in Cheniere Energy by 19.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 9,982 shares of the energy company’s stock worth $2,145,000 after buying an additional 1,595 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new position in Cheniere Energy during the fourth quarter worth about $351,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on LNG shares. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. TD Cowen increased their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Bank of America increased their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Finally, Mizuho increased their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $263.29.

Cheniere Energy Trading Up 1.0%

Shares of LNG stock opened at $236.81 on Thursday. The stock has a market capitalization of $52.04 billion, a PE ratio of 13.82 and a beta of 0.43. Cheniere Energy, Inc. has a 1-year low of $175.14 and a 1-year high of $257.65. The business has a 50-day moving average of $235.17 and a 200 day moving average of $230.99. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.84 EPS. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is currently 11.68%.

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.