Whalen Wealth Management Inc. Purchases New Shares in Cheniere Energy, Inc. $LNG

Whalen Wealth Management Inc. purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,632 shares of the energy company’s stock, valued at approximately $397,000.

A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after acquiring an additional 282,050 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in Cheniere Energy during the 1st quarter worth $529,000. Kayne Anderson Capital Advisors LP grew its holdings in Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock worth $345,920,000 after acquiring an additional 105,875 shares in the last quarter. Fractal Investments LLC grew its holdings in Cheniere Energy by 27.7% during the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock worth $17,490,000 after acquiring an additional 16,385 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Cheniere Energy by 7.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock worth $5,439,000 after acquiring an additional 1,630 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on LNG shares. Mizuho raised their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Raymond James Financial restated a “strong-buy” rating and issued a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research report on Friday. Finally, Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $267.67.

Cheniere Energy Trading Down 1.7%

Cheniere Energy stock opened at $216.03 on Wednesday. The firm’s 50-day moving average is $232.62 and its 200-day moving average is $233.44. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 1 year low of $181.59 and a 1 year high of $257.65. The company has a market cap of $47.48 billion, a P/E ratio of 12.61 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the firm posted $3.84 EPS. The company’s revenue for the quarter was up 42.8% on a year-over-year basis. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be given a $0.555 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.0%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is 11.68%.

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.