Curated Wealth Partners LLC Makes New Investment in Cheniere Energy, Inc. $LNG

Curated Wealth Partners LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,817 shares of the energy company’s stock, valued at approximately $758,000.

Several other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Cheniere Energy during the first quarter valued at $26,000. Community Financial Services Group LLC purchased a new position in Cheniere Energy during the second quarter valued at approximately $29,000. Eastern Bank raised its stake in Cheniere Energy by 130.0% in the third quarter. Eastern Bank now owns 115 shares of the energy company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Transamerica Financial Advisors LLC grew its stake in Cheniere Energy by 91.3% in the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after purchasing an additional 63 shares during the last quarter. Finally, Sankala Group LLC bought a new position in Cheniere Energy in the fourth quarter worth about $35,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 0.4%

LNG opened at $278.61 on Friday. The company has a fifty day moving average of $276.17 and a two-hundred day moving average of $260.68. The stock has a market capitalization of $57.54 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.11 and a beta of 0.06. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter last year, the business earned $7.30 EPS. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, research analysts expect that Cheniere Energy, Inc. will post 16.76 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were issued a $0.5550 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is currently 16.53%.

Analysts Set New Price Targets

LNG has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $336.00 price objective on shares of Cheniere Energy in a research note on Saturday, October 10th. TD Cowen upped their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Finally, Barclays boosted their price objective on shares of Cheniere Energy from $279.00 to $287.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $306.41.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.