Freedom Investment Management Inc. Invests $713,000 in Cheniere Energy, Inc. (NYSE:LNG)

Freedom Investment Management Inc. purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,317 shares of the energy company’s stock, valued at approximately $713,000.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after buying an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC boosted its holdings in Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock valued at $719,000 after acquiring an additional 55 shares during the last quarter. American Money Management LLC increased its position in Cheniere Energy by 0.5% in the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock worth $2,361,000 after purchasing an additional 55 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Cheniere Energy by 0.8% during the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock worth $1,513,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LNG. UBS Group reiterated a “buy” rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Argus assumed coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price for the company. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Fifteen analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $245.77.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $231.52 on Friday. 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, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. The company’s 50 day moving average price is $220.22 and its two-hundred day moving average price is $215.12. The company has a market capitalization of $51.59 billion, a P/E ratio of 16.27 and a beta of 0.67.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data 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 business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is presently 14.05%.

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.