Independent Advisor Alliance Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Independent Advisor Alliance grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,914 shares of the energy company’s stock after acquiring an additional 426 shares during the period. Independent Advisor Alliance’s holdings in Cheniere Energy were worth $411,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new position in shares of Cheniere Energy in the 4th quarter valued at $2,127,000. Fractal Investments LLC grew its holdings in Cheniere Energy by 31.0% during the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after purchasing an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. acquired a new stake in Cheniere Energy during the 4th quarter valued at $2,460,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cheniere Energy by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after purchasing an additional 8,756 shares in the last quarter. Finally, Insight Wealth Strategies LLC acquired a new stake in Cheniere Energy during the 4th quarter valued at $4,455,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $236.33.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy 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 sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

Cheniere Energy Trading Up 1.9 %

NYSE LNG opened at $222.62 on Tuesday. 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 $224.83 and a 200-day simple moving average of $207.90. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a market capitalization of $49.79 billion, a PE ratio of 15.64 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. On average, equities 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 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 annualized dividend and a yield of 0.90%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

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.