Proficio Capital Partners LLC Acquires 572,764 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Proficio Capital Partners LLC boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 18,281.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,897 shares of the energy company’s stock after purchasing an additional 572,764 shares during the period. Proficio Capital Partners LLC owned approximately 0.26% of Cheniere Energy worth $123,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at about $2,127,000. Fractal Investments LLC raised its stake in shares of Cheniere Energy by 31.0% during the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after acquiring an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. bought a new position in shares of Cheniere Energy during the fourth quarter valued at about $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cheniere Energy by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after acquiring an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at about $4,455,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Shares of LNG opened at $219.85 on Friday. The stock has a market cap of $49.17 billion, a PE ratio of 15.45 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The firm’s 50-day simple moving average is $223.89 and its two-hundred day simple moving average is $204.69.

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

Cheniere Energy Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on LNG. The Goldman Sachs Group increased their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays increased their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley increased their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.75.

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.