Oak Thistle LLC Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Oak Thistle LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 36.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,462 shares of the energy company’s stock after buying an additional 1,980 shares during the quarter. Oak Thistle LLC’s holdings in Cheniere Energy were worth $1,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pines Wealth Management LLC bought a new stake in Cheniere Energy during the 4th quarter valued at $358,000. SeaCrest Wealth Management LLC grew its position in shares of Cheniere Energy by 2.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,590 shares of the energy company’s stock valued at $557,000 after purchasing an additional 74 shares in the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $211,000. Quantum Financial Advisors LLC purchased a new stake in Cheniere Energy during the 4th quarter worth about $214,000. Finally, Miracle Mile Advisors LLC bought a new position in Cheniere Energy in the 4th quarter worth about $2,127,000. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LNG shares. UBS Group upped 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. The Goldman Sachs Group upped their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Stifel Nicolaus upped their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Scotiabank assumed coverage on Cheniere Energy in a research note on Friday, January 10th. They set a “sector outperform” rating and a $242.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $226.55.

Cheniere Energy Stock Up 5.9 %

LNG opened at $243.03 on Wednesday. The business’s fifty day simple moving average is $216.82 and its 200 day simple moving average is $194.00. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $243.42. 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 $54.53 billion, a PE ratio of 15.52 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 EPS. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

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.