B. Riley Wealth Advisors Inc. Has $1.65 Million Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

B. Riley Wealth Advisors Inc. increased its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 32.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,927 shares of the energy company’s stock after acquiring an additional 2,447 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Cheniere Energy were worth $1,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management bought a new stake in Cheniere Energy in the 3rd quarter worth about $25,000. Point72 Hong Kong Ltd bought a new stake in Cheniere Energy in the 3rd quarter worth about $36,000. Ronald Blue Trust Inc. bought a new stake in Cheniere Energy in the 2nd quarter worth about $30,000. Lumature Wealth Partners LLC bought a new stake in Cheniere Energy in the 3rd quarter worth about $37,000. Finally, AdvisorNet Financial Inc bought a new stake in Cheniere Energy in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 84.25% of the company’s stock.

Cheniere Energy Stock Down 2.0 %

Shares of LNG stock opened at $143.87 on Friday. The stock has a market cap of $35.77 billion, a PE ratio of -9.42 and a beta of 1.00. The company’s 50 day simple moving average is $154.06. Cheniere Energy, Inc. has a 12 month low of $120.09 and a 12 month high of $182.35.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last posted its earnings results on Thursday, February 23rd. The energy company reported $15.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.08 by $8.70. Cheniere Energy had a negative net margin of 12.40% and a negative return on equity of 249.96%. The business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the company posted ($5.22) EPS. The business’s revenue for the quarter was up 42.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post -7.54 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Tuesday, February 7th were paid a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Monday, February 6th. Cheniere Energy’s dividend payout ratio is presently -10.35%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Cheniere Energy from $236.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, March 7th. Cowen reduced their target price on shares of Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Citigroup reduced their target price on shares of Cheniere Energy from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, January 9th. Mizuho increased their target price on shares of Cheniere Energy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Finally, Scotiabank started coverage on shares of Cheniere Energy in a research report on Thursday, March 2nd. They set a “sector outperform” rating and a $194.00 target price for the company. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $201.62.

Insiders Place Their Bets

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,700 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $141.50, for a total value of $382,050.00. Following the sale, the director now directly owns 33,862 shares in the company, valued at approximately $4,791,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Cheniere Energy Company Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.