Raab & Moskowitz Asset Management LLC Invests $201,000 in Cheniere Energy, Inc. (NYSE:LNG)

Raab & Moskowitz Asset Management LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,175 shares of the energy company’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently made changes to their positions in LNG. Sapient Capital LLC purchased a new position in Cheniere Energy in the 4th quarter worth approximately $1,283,000. Mackenzie Financial Corp raised its stake in Cheniere Energy by 28.9% during the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock valued at $33,895,000 after buying an additional 44,508 shares during the last quarter. Oak Thistle LLC purchased a new stake in Cheniere Energy during the 4th quarter valued at $1,144,000. Rheos Capital Works Inc. purchased a new stake in Cheniere Energy during the 4th quarter valued at $8,894,000. Finally, Riverstone Advisors LLC raised its stake in Cheniere Energy by 3.6% during the 4th quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock valued at $2,540,000 after buying an additional 513 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on LNG. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. UBS Group cut their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays increased their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. TD Cowen cut their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Finally, Redburn Atlantic initiated coverage on Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Stock Down 0.1 %

Shares of LNG traded down $0.22 during trading hours on Friday, reaching $159.14. 1,286,921 shares of the company traded hands, compared to its average volume of 1,593,861. The company has a market capitalization of $36.71 billion, a PE ratio of 3.93 and a beta of 0.94. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The stock has a fifty day simple moving average of $157.96.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data 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 firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business’s quarterly revenue was down 46.9% compared to the same quarter last year. During the same period in the previous year, the company earned $15.78 earnings per share. As a group, research analysts predict that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.09%. Cheniere Energy’s dividend payout ratio (DPR) is currently 4.30%.

Cheniere Energy 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.