Kieckhefer Group LLC Invests $208,000 in Cheniere Energy, Inc. (NYSE:LNG)

Kieckhefer Group LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 970 shares of the energy company’s stock, valued at approximately $208,000.

A number of other large investors have also made changes to their positions in LNG. Bank of New York Mellon Corp acquired a new position in Cheniere Energy in the 2nd quarter valued at $441,000. Commonwealth Equity Services LLC boosted its position in shares of Cheniere Energy by 2.7% in the second quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the energy company’s stock worth $1,001,000 after buying an additional 534 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Cheniere Energy in the second quarter valued at about $1,708,000. LPL Financial LLC lifted its position in Cheniere Energy by 5.8% during the 2nd quarter. LPL Financial LLC now owns 199,187 shares of the energy company’s stock worth $34,824,000 after acquiring an additional 10,935 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Cheniere Energy by 6.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 22,718 shares of the energy company’s stock worth $3,972,000 after acquiring an additional 1,285 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LNG shares. Royal Bank of Canada raised their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Barclays increased their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, UBS Group upped their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $226.55.

Cheniere Energy Price Performance

NYSE:LNG traded up $3.68 during midday trading on Monday, hitting $228.90. 536,932 shares of the stock were exchanged, compared to its average volume of 1,361,043. The business has a 50-day moving average price of $215.00 and a two-hundred day moving average price of $193.12. The company has a market capitalization of $51.36 billion, a price-to-earnings ratio of 14.62 and a beta of 0.99. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $229.63. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 earnings per share. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.87%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

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.