WealthPlan Investment Management LLC Has $4.37 Million Holdings in Cheniere Energy, Inc. $LNG

WealthPlan Investment Management LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 20.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,596 shares of the energy company’s stock after selling 4,718 shares during the period. WealthPlan Investment Management LLC’s holdings in Cheniere Energy were worth $4,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. lifted its position in shares of Cheniere Energy by 718.1% during the 2nd quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after purchasing an additional 1,465 shares during the last quarter. Morningstar Investment Management LLC acquired a new position in Cheniere Energy during the 2nd quarter valued at $1,723,000. Railway Pension Investments Ltd boosted its holdings in Cheniere Energy by 62.9% in the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock valued at $182,626,000 after purchasing an additional 300,100 shares during the period. QRG Capital Management Inc. grew its position in Cheniere Energy by 3.3% in the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock worth $9,604,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Cheniere Energy by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock worth $26,360,000 after purchasing an additional 4,083 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $193.66 on Wednesday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $257.65. The firm has a market cap of $41.68 billion, a P/E ratio of 10.79, a P/E/G ratio of 6.21 and a beta of 0.26. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. The business’s fifty day moving average is $200.46 and its two-hundred day moving average is $220.87.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the prior year, the firm earned $3.93 EPS. The company’s revenue was up 18.0% on a year-over-year basis. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were issued a $0.555 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNG. Scotiabank reduced their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 13th. BMO Capital Markets restated an “outperform” rating and set a $254.00 price objective on shares of Cheniere Energy in a research report on Wednesday, December 17th. Citigroup reduced their target price on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a research report on Monday. Wolfe Research set a $220.00 price objective on shares of Cheniere Energy and gave the company an “outperform” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cheniere Energy in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $265.24.

Insiders Place Their Bets

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.