Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 952 shares of the energy company’s stock after purchasing an additional 318 shares during the period. EverSource Wealth Advisors LLC’s holdings in Cheniere Energy were worth $205,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC boosted its stake in Cheniere Energy by 3.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 149,015 shares of the energy company’s stock worth $32,019,000 after purchasing an additional 4,584 shares during the period. PFG Advisors lifted its stake in shares of Cheniere Energy by 24.6% in the 4th quarter. PFG Advisors now owns 6,712 shares of the energy company’s stock worth $1,442,000 after acquiring an additional 1,327 shares during the period. Prosperity Wealth Management Inc. acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $397,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $230,000. Finally, Riverbend Wealth Management LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $470,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $218.61 on Monday. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The firm has a 50 day moving average price of $224.85 and a 200 day moving average price of $207.63. The company has a market cap of $48.90 billion, a price-to-earnings ratio of 15.36 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.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data 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 company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s 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 completion of the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Morgan Stanley raised their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group raised their target price 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, Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.33.

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.