Hoey Investments Inc. Increases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Hoey Investments Inc. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 669.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,000 shares of the energy company’s stock after buying an additional 870 shares during the period. Hoey Investments Inc.’s holdings in Cheniere Energy were worth $215,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. WR Wealth Planners LLC boosted its stake in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth $29,000. Adirondack Trust Co. bought a new stake in shares of Cheniere Energy in the 4th quarter worth $43,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Cheniere Energy in the fourth quarter worth $46,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus increased their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. TD Cowen raised their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Barclays increased their price objective 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. Finally, UBS Group reaffirmed a “buy” rating and issued a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.79.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Stock Down 0.3 %

NYSE LNG opened at $226.16 on Monday. Cheniere Energy, Inc. has a 52 week low of $152.88 and a 52 week high of $257.65. 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 company has a market capitalization of $50.58 billion, a P/E ratio of 15.89 and a beta of 0.94. The stock’s 50-day moving average price is $223.55 and its 200-day moving average price is $210.94.

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

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.