Spire Wealth Management Purchases 21,656 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Spire Wealth Management increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1,487.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,112 shares of the energy company’s stock after purchasing an additional 21,656 shares during the period. Spire Wealth Management’s holdings in Cheniere Energy were worth $4,966,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $2,127,000. Anderson Hoagland & Co. bought a new stake in Cheniere Energy in the 4th quarter valued at $2,460,000. Insight Wealth Strategies LLC purchased a new stake in Cheniere Energy in the 4th quarter worth $4,455,000. Kathmere Capital Management LLC purchased a new stake in Cheniere Energy in the 4th quarter worth $245,000. Finally, Covea Finance boosted its holdings in shares of Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after purchasing an additional 19,200 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 2.8 %

Shares of NYSE:LNG opened at $223.71 on Monday. The firm has a market capitalization of $50.19 billion, a PE ratio of 14.29 and a beta of 0.99. The business has a 50 day simple moving average of $223.15 and a two-hundred day simple moving average of $199.51. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced 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 return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities analysts predict that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of research analyst reports. Barclays boosted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $234.25.

Cheniere Energy Company 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.