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

Riverbend Wealth Management LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,173 shares of the energy company’s stock, valued at approximately $470,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares during the period. WR Wealth Planners LLC raised its holdings in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after acquiring an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the 3rd quarter worth approximately $28,000. Finally, Adirondack Trust Co. bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $43,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $214.69 on Tuesday. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65. The firm has a market cap of $48.02 billion, a P/E ratio of 15.09 and a beta of 0.94. 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 business’s fifty day moving average is $225.18 and its two-hundred day moving average is $206.77.

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

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Cheniere Energy’s payout ratio is currently 14.05%.

Analyst Ratings Changes

Several research analysts recently commented on LNG shares. TD Cowen raised their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group raised 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. Finally, StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $236.33.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on 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 transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.29% of the company’s stock.

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.