Nwam LLC Grows Stake in Cheniere Energy, Inc. (NYSE:LNG)

Nwam LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 34.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,510 shares of the energy company’s stock after buying an additional 5,233 shares during the period. Nwam LLC’s holdings in Cheniere Energy were worth $4,407,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LNG. NewEdge Wealth LLC boosted its holdings in Cheniere Energy by 39.2% in the 4th quarter. NewEdge Wealth LLC now owns 6,969 shares of the energy company’s stock worth $1,497,000 after acquiring an additional 1,961 shares during the period. Lingotto Investment Management LLP lifted its position in shares of Cheniere Energy by 41.5% during the fourth quarter. Lingotto Investment Management LLP now owns 32,443 shares of the energy company’s stock worth $6,971,000 after purchasing an additional 9,507 shares in the last quarter. Sprott Inc. boosted its stake in shares of Cheniere Energy by 3.9% in the fourth quarter. Sprott Inc. now owns 5,296 shares of the energy company’s stock valued at $1,138,000 after purchasing an additional 197 shares during the period. Delta Financial Advisors LLC acquired a new stake in Cheniere Energy during the 4th quarter valued at $204,000. Finally, Longbow Finance SA purchased a new stake in Cheniere Energy during the 4th quarter worth $15,262,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.3 %

Shares of NYSE:LNG opened at $218.86 on Thursday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The company’s fifty day moving average is $223.61 and its two-hundred day moving average is $204.59. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market capitalization of $48.95 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley increased their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Scotiabank raised their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upped their target price on 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 increased 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, January 27th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $235.75.

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.