BIP Wealth LLC Acquires New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

BIP Wealth LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,475 shares of the energy company’s stock, valued at approximately $593,000.

Several other institutional investors and hedge funds have also modified their holdings of LNG. HHM Wealth Advisors LLC acquired a new position in Cheniere Energy during the 3rd quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. boosted its position in Cheniere Energy by 203.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after acquiring an additional 118 shares during the last quarter. OFI Invest Asset Management acquired a new position in Cheniere Energy during the 3rd quarter worth approximately $40,000. Farmers & Merchants Investments Inc. boosted its position in Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after acquiring an additional 60 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in Cheniere Energy by 133.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the energy company’s stock worth $58,000 after acquiring an additional 200 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG traded up $2.03 during trading hours on Thursday, reaching $159.45. The company’s stock had a trading volume of 771,315 shares, compared to its average volume of 1,883,072. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46. The company’s 50-day simple moving average is $157.95. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The firm has a market cap of $36.78 billion, a price-to-earnings ratio of 3.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $15.78 EPS. Equities analysts anticipate that Cheniere Energy, Inc. will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy’s payout ratio is 4.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LNG shares. Barclays increased their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Redburn Atlantic started coverage on Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. UBS Group cut their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday. Finally, TD Cowen cut their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.90.

About Cheniere Energy

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.