S.E.E.D. Planning Group LLC Purchases 4,607 Shares of Cheniere Energy, Inc. $LNG

S.E.E.D. Planning Group LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 31.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,139 shares of the energy company’s stock after acquiring an additional 4,607 shares during the quarter. Cheniere Energy comprises about 1.2% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 24th biggest holding. S.E.E.D. Planning Group LLC’s holdings in Cheniere Energy were worth $5,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Cheniere Energy during the first quarter valued at $26,000. Eastern Bank raised its position in shares of 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 acquiring an additional 65 shares during the period. Community Financial Services Group LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth about $29,000. Transamerica Financial Advisors LLC boosted its stake in shares of Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after acquiring an additional 63 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in shares of Cheniere Energy by 54.5% during the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock valued at $39,000 after acquiring an additional 48 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LNG. Argus set a $330.00 price target on Cheniere Energy in a report on Tuesday, August 18th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Morgan Stanley restated an “overweight” rating and issued a $310.00 price objective on shares of Cheniere Energy in a research report on Friday, August 7th. Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $306.12.

Cheniere Energy Price Performance

Shares of NYSE LNG traded down $2.21 during midday trading on Wednesday, hitting $273.05. The stock had a trading volume of 553,562 shares, compared to its average volume of 2,346,428. The company has a market capitalization of $56.39 billion, a PE ratio of 20.33, a P/E/G ratio of 1.09 and a beta of 0.06. The stock has a 50 day simple moving average of $273.39 and a 200-day simple moving average of $261.11. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97.

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

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.5550 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is presently 16.53%.

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.