Premier Path Wealth Partners LLC Acquires 61 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Premier Path Wealth Partners LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,191 shares of the energy company’s stock after buying an additional 61 shares during the period. Premier Path Wealth Partners LLC’s holdings in Cheniere Energy were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Cheniere Energy during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy during the 2nd quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new stake in Cheniere Energy in the 3rd quarter worth approximately $53,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LNG. The Goldman Sachs Group boosted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Scotiabank began coverage on shares of Cheniere Energy in a report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 target price on the stock. Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays boosted 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. Finally, Stifel Nicolaus raised their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research 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 a consensus rating of “Moderate Buy” and an average target price of $231.18.

Cheniere Energy Price Performance

NYSE:LNG opened at $252.70 on Monday. The firm’s fifty day moving average is $219.76 and its two-hundred day moving average is $195.63. The firm has a market cap of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. 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 posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $2.37 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Research analysts expect that Cheniere Energy, Inc. will post 12.66 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

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.