United Asset Strategies Inc. Purchases Shares of 26,537 Cheniere Energy, Inc. (NYSE:LNG)

United Asset Strategies Inc. purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,537 shares of the energy company’s stock, valued at approximately $5,702,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Cheniere Energy during the 2nd quarter worth $30,000. Finally, Adirondack Trust Co. acquired a new position in shares of Cheniere Energy in the 4th quarter worth $43,000. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted 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. Scotiabank increased their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. 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. Finally, TD Cowen raised their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $231.73 on Monday. The company has a market cap of $51.99 billion, a price-to-earnings ratio of 14.80 and a beta of 0.99. The business has a 50 day moving average price of $222.57 and a 200 day moving average price of $197.77. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 EPS. Research analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy’s dividend payout ratio is currently 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.