Sonora Investment Management Group LLC Buys 1,000 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Sonora Investment Management Group LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 58.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,710 shares of the energy company’s stock after acquiring an additional 1,000 shares during the period. Sonora Investment Management Group LLC’s holdings in Cheniere Energy were worth $582,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Penney Financial LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter worth about $586,000. Legacy Trust increased its position in shares of Cheniere Energy by 1.4% during the fourth quarter. Legacy Trust now owns 39,324 shares of the energy company’s stock valued at $8,450,000 after acquiring an additional 544 shares during the last quarter. Merrion Investment Management Co LLC bought a new stake in Cheniere Energy during the fourth quarter worth $430,000. New England Research & Management Inc. bought a new position in Cheniere Energy in the 4th quarter valued at $1,257,000. Finally, Strategic Blueprint LLC raised its stake in shares of Cheniere Energy by 0.7% during the 4th quarter. Strategic Blueprint LLC now owns 28,285 shares of the energy company’s stock worth $6,078,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LNG. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group lifted their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $232.36.

Cheniere Energy Stock Up 1.0 %

Shares of NYSE:LNG opened at $230.35 on Friday. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock’s 50-day moving average price is $223.02 and its 200-day moving average price is $198.82. The stock has a market capitalization of $51.68 billion, a P/E ratio of 14.71 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.37 earnings per share. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s payout ratio is 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.