IHT Wealth Management LLC Makes New Investment in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

IHT Wealth Management LLC purchased a new position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) in the third quarter, Holdings Channel reports. The fund purchased 3,495 shares of the energy company’s stock, valued at approximately $580,000.

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

Cheniere Energy Price Performance

Shares of NYSEAMERICAN:LNG opened at $143.87 on Friday. The company has a 50 day moving average price of $154.06. The company has a market capitalization of $35.77 billion, a PE ratio of -9.42 and a beta of 1.00. Cheniere Energy, Inc. has a 1 year low of $120.09 and a 1 year high of $182.35.

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

Cheniere Energy Dividend Announcement

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

Insiders Place Their Bets

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,700 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $141.50, for a total transaction of $382,050.00. Following the sale, the director now owns 33,862 shares of the company’s stock, valued at $4,791,473. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LNG shares. Cowen cut their price objective on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Barclays cut their price target on Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Friday, January 13th. Scotiabank began coverage on Cheniere Energy in a research note on Thursday, March 2nd. They issued a “sector outperform” rating and a $194.00 price objective on the stock. Wells Fargo & Company decreased their price target on Cheniere Energy from $236.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 7th. Finally, Citigroup decreased their price target on Cheniere Energy from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, January 9th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $201.62.

About Cheniere Energy

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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.