Kingswood Wealth Advisors LLC Grows Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Kingswood Wealth Advisors LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 137.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,745 shares of the energy company’s stock after purchasing an additional 7,960 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Cheniere Energy were worth $2,953,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth $2,127,000. Insight Wealth Strategies LLC acquired a new position in Cheniere Energy during the 4th quarter worth about $4,455,000. Covea Finance boosted its holdings in Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after acquiring an additional 19,200 shares during the period. Kathmere Capital Management LLC acquired a new position in Cheniere Energy in the 4th quarter valued at about $245,000. Finally, Continuum Advisory LLC increased its stake in Cheniere Energy by 42.1% during the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $231.73 on Monday. The business has a 50 day moving average price of $222.57 and a 200 day moving average price of $197.77. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 14.80 and a beta of 0.99. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.37 EPS. Equities research analysts anticipate that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Analysts Set New Price Targets

Several research firms have recently commented on LNG. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays raised their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. TD Cowen increased their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Scotiabank boosted their target price on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $231.64.

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.