Rialto Wealth Management LLC Buys New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Rialto Wealth Management LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,500 shares of the energy company’s stock, valued at approximately $322,000.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of Cheniere Energy by 53.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after acquiring an additional 128 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Cheniere Energy by 21.4% during the third quarter. Concurrent Investment Advisors LLC now owns 4,556 shares of the energy company’s stock worth $819,000 after purchasing an additional 804 shares during the period. Lewis Asset Management LLC increased its holdings in shares of Cheniere Energy by 3.9% in the third quarter. Lewis Asset Management LLC now owns 4,038 shares of the energy company’s stock valued at $726,000 after purchasing an additional 152 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the third quarter valued at about $28,000. Finally, Fiera Capital Corp lifted its stake in shares of Cheniere Energy by 11.2% during the 3rd quarter. Fiera Capital Corp now owns 53,589 shares of the energy company’s stock worth $9,637,000 after buying an additional 5,378 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. 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 report on Wednesday, December 18th. Finally, Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.33.

Cheniere Energy Trading Up 2.4 %

LNG opened at $220.57 on Friday. The stock has a market capitalization of $49.33 billion, a price-to-earnings ratio of 15.50 and a beta of 0.94. 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, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The company has a 50-day simple moving average of $225.15 and a 200 day simple moving average of $206.21.

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

Cheniere Energy Dividend Announcement

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

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

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.