Daymark Wealth Partners LLC Has $695,000 Stock Holdings in Cheniere Energy, Inc. $LNG

Daymark Wealth Partners LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 52.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,854 shares of the energy company’s stock after acquiring an additional 988 shares during the period. Daymark Wealth Partners LLC’s holdings in Cheniere Energy were worth $695,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $335,000. GAMMA Investing LLC raised its holdings in Cheniere Energy by 9.5% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company’s stock valued at $342,000 after acquiring an additional 128 shares in the last quarter. Amalgamated Bank raised its holdings in Cheniere Energy by 3.5% in the 1st quarter. Amalgamated Bank now owns 13,875 shares of the energy company’s stock valued at $3,211,000 after acquiring an additional 471 shares in the last quarter. Cidel Asset Management Inc. acquired a new position in Cheniere Energy in the 1st quarter valued at $205,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock valued at $5,439,000 after acquiring an additional 1,630 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of LNG opened at $211.36 on Friday. Cheniere Energy, Inc. has a 12-month low of $182.28 and a 12-month high of $257.65. The business has a 50-day simple moving average of $231.53 and a two-hundred day simple moving average of $233.22. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market cap of $46.45 billion, a PE ratio of 12.34, a PEG ratio of 6.08 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 30th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the firm earned $3.93 EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 7th. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is currently 11.68%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LNG shares. Jefferies Financial Group set a $290.00 price objective on Cheniere Energy in a report on Thursday. TD Cowen lifted their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. BMO Capital Markets assumed coverage on Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target on the stock. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Mizuho lifted their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and a consensus target price of $267.80.

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.