EP Wealth Advisors LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

EP Wealth Advisors LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, Holdings Channel reports. The firm bought 1,269 shares of the energy company’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CoreCap Advisors LLC grew its position in Cheniere Energy by 7.0% during the fourth quarter. CoreCap Advisors LLC now owns 3,755 shares of the energy company’s stock worth $807,000 after buying an additional 246 shares during the period. Corvex Management LP grew its position in Cheniere Energy by 9.7% during the fourth quarter. Corvex Management LP now owns 140,400 shares of the energy company’s stock worth $30,168,000 after buying an additional 12,400 shares during the period. BROOKFIELD Corp ON grew its position in Cheniere Energy by 17.7% during the fourth quarter. BROOKFIELD Corp ON now owns 1,943,667 shares of the energy company’s stock worth $417,636,000 after buying an additional 292,703 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at about $9,442,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at about $1,875,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of LNG opened at $232.74 on Wednesday. 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 company has a market capitalization of $51.86 billion, a price-to-earnings ratio of 16.36 and a beta of 0.41. The company’s 50 day simple moving average is $225.44 and its 200 day simple moving average is $220.68. Cheniere Energy, Inc. has a 1 year low of $153.03 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, May 9th. Cheniere Energy’s dividend payout ratio is currently 14.63%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LNG. Bank of America upped their price target on shares of Cheniere Energy from $254.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Scotiabank reduced their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 29th. Morgan Stanley upped their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, UBS Group reaffirmed a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $252.23.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction 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 trade represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

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.