Main Street Financial Solutions LLC Purchases Shares of 1,028 Cheniere Energy, Inc. (NYSE:LNG)

Main Street Financial Solutions LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,028 shares of the energy company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares during the period. WR Wealth Planners LLC raised its stake in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the fourth quarter worth about $29,000. Nemes Rush Group LLC grew its position in Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after buying an additional 182 shares in the last quarter. Finally, Adirondack Trust Co. acquired a new position in Cheniere Energy during the 4th quarter valued at about $43,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

LNG stock opened at $231.52 on Friday. The firm has a 50-day moving average of $219.97 and a two-hundred day moving average of $214.56. The firm has a market capitalization of $51.59 billion, a PE ratio of 16.27 and a beta of 0.67. 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, Inc. has a one year low of $153.03 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. On average, analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio is 14.05%.

Analyst Ratings Changes

Several research analysts have recently issued reports on LNG shares. TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Argus initiated coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price objective on the stock. Mizuho raised their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Barclays boosted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Fifteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $245.77.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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.