Valley National Advisers Inc. Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Valley National Advisers Inc. boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,006 shares of the energy company’s stock after purchasing an additional 226 shares during the period. Valley National Advisers Inc.’s holdings in Cheniere Energy were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning purchased a new position in shares of Cheniere Energy in the second quarter valued at about $276,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cheniere Energy by 26.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company’s stock worth $1,216,000 after purchasing an additional 1,453 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Cheniere Energy by 23.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,945 shares of the energy company’s stock valued at $341,000 after purchasing an additional 1,336 shares during the period. Truist Financial Corp raised its position in Cheniere Energy by 6.9% during the 2nd quarter. Truist Financial Corp now owns 19,487 shares of the energy company’s stock valued at $957,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Cheniere Energy by 40.8% in the 2nd quarter. Cetera Investment Advisers now owns 43,345 shares of the energy company’s stock worth $2,129,000 after buying an additional 12,554 shares during the period. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective 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. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note 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 company an “overweight” rating in a research report on Wednesday, December 18th. Finally, TD Cowen raised their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $223.71 on Monday. The stock’s 50 day moving average is $223.15 and its 200 day moving average is $199.51. The company has a market capitalization of $50.19 billion, a P/E ratio of 14.29 and a beta of 0.99. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

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

Cheniere Energy Announces Dividend

The company 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 $0.50 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

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.