Whalen Wealth Management Inc. Has $1.31 Million Stake in Cheniere Energy, Inc. $LNG

Whalen Wealth Management Inc. grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 242.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,581 shares of the energy company’s stock after buying an additional 3,949 shares during the period. Cheniere Energy makes up 0.8% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Whalen Wealth Management Inc.’s holdings in Cheniere Energy were worth $1,311,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its holdings in Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $28,000. Richardson Financial Services Inc. bought a new position in shares of Cheniere Energy during the 2nd quarter worth about $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Cheniere Energy in the second quarter valued at about $34,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LNG shares. Bank of America dropped their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Jefferies Financial Group set a $290.00 price objective on Cheniere Energy in a report on Thursday, October 30th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cheniere Energy in a report on Wednesday. Finally, Mizuho increased their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $267.53.

Insider Activity

In other news, Director W Benjamin Moreland bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Stock Down 0.4%

Shares of NYSE:LNG opened at $189.63 on Friday. The stock has a market cap of $40.82 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 4.66 and a beta of 0.26. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $257.65. The company has a 50 day moving average of $209.69 and a 200-day moving average of $226.61. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.94 and a quick ratio of 0.81.

Cheniere Energy (NYSE:LNG) last announced 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 business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the firm posted $3.93 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.2%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

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.