WealthTrust Axiom LLC Buys New Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

WealthTrust Axiom LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,500 shares of the energy company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in Cheniere Energy during the 1st quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in Cheniere Energy during the 1st quarter worth approximately $28,000. Godsey & Gibb Associates acquired a new position in Cheniere Energy during the 1st quarter worth approximately $35,000. Optimum Investment Advisors acquired a new position in Cheniere Energy during the 1st quarter worth approximately $49,000. Finally, UMB Bank N A MO purchased a new stake in shares of Cheniere Energy in the fourth quarter worth approximately $56,000. Institutional investors own 88.17% of the company’s stock.

Cheniere Energy Stock Up 1.8 %

Cheniere Energy stock opened at $146.77 on Friday. Cheniere Energy, Inc. has a one year low of $82.15 and a one year high of $150.61. The company has a debt-to-equity ratio of 24.30, a current ratio of 1.08 and a quick ratio of 0.93. The firm has a market capitalization of $37.30 billion, a PE ratio of -15.87 and a beta of 1.26.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The energy company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.84). Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the business posted ($1.30) EPS. The company’s quarterly revenue was up 165.4% on a year-over-year basis. On average, research analysts predict that Cheniere Energy, Inc. will post 10.91 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Tuesday, August 9th will be given a $0.33 dividend. The ex-dividend date is Monday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is presently -14.27%.

Analysts Set New Price Targets

LNG has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on Cheniere Energy from $178.00 to $179.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 12th. Cowen increased their price objective on Cheniere Energy from $145.00 to $170.00 in a research note on Thursday, May 5th. Raymond James increased their price objective on Cheniere Energy from $175.00 to $178.00 and gave the stock a “strong-buy” rating in a research note on Friday. Wells Fargo & Company increased their price target on Cheniere Energy from $162.00 to $185.00 in a research report on Monday, May 9th. Finally, Mizuho increased their price target on Cheniere Energy from $159.00 to $167.00 in a research report on Friday. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $162.18.

Cheniere Energy Company Profile

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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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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

Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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