Wesbanco Bank Inc. Purchases 2,360 Shares of Cheniere Energy, Inc. $LNG

Wesbanco Bank Inc. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 135.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,103 shares of the energy company’s stock after buying an additional 2,360 shares during the quarter. Wesbanco Bank Inc.’s holdings in Cheniere Energy were worth $1,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy in the third quarter worth about $27,000. Strive Financial Group LLC purchased a new position in Cheniere Energy during the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $26,000. Accordant Advisory Group Inc bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $29,000. Finally, Sankala Group LLC purchased a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $35,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LNG. Wall Street Zen lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank Of Canada upped their target price on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. UBS Group set a $290.00 target price on Cheniere Energy in a research report on Wednesday, May 13th. Weiss Ratings downgraded Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Citigroup boosted their price target on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $297.71.

Cheniere Energy Stock Up 0.0%

Shares of Cheniere Energy stock opened at $241.71 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a market cap of $50.65 billion and a P/E ratio of 39.75. The firm’s 50 day moving average price is $243.54 and its 200-day moving average price is $233.22. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.69 billion. During the same period in the previous year, the company earned $1.57 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Cheniere Energy Profile

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.